As you know the Lok Sabha elections 2024 are about to come and investors are thinking of taking advantage of this time to make profits by investing in government PSU stocks. The time of Lok Sabha elections is very special because at this time the government launches many government schemes.
In this post we will know about top 5 PSU stocks which can give you good returns in the coming time. The information given below is given by analysts. Given stocks may fluctuate and prices may go up or down at any time.
What are PSU stocks?
PSU Stands for Public Sector Undertaking. Public Sector Stocks are those in which the government has a majority stake. PSU stocks are also famous stocks because they are owned by the government. PSU Stocks include stocks from some sectors like oil & gas, banking, and infrastructure. For a company to become a PSU stock, the government should have at least 51% stake in that company.
Top 5 PSU Stocks to buy in 2024 Before Elections
Here Is the table of top 5 best PSU Stocks In 2024
| S.NO | PSU Stocks to Invest | Market Capitalization (as of 19, march 2024) |
| 1. | Oil and Natural Gas Corporation (ONGC) | ₹3,28,786(Cr) |
| 2. | NTPC Limited (NTPC) | ₹3,07,530(Cr) |
| 3. | Coal India Limited (Coal India) | ₹2,60,036(Cr) |
| 4. | Power Grid Corporation of India Limited (Power Grid) | ₹2,46,466(Cr) |
| 5. | Indian Railway Finance Corporation Limited (IRFC) | ₹1,76,229(Cr) |
1. Oil and Natural Gas Corporation (ONGC)
Oil and Natural Gas Corporation (ONGC), was established in 1882. ONGC is the largest company in the Indian PSU sector. ONGC is the largest crude oil and natural gas company in India. ONGC produces 71% of India’s Natural gas and oil.
ONGC has some subsidiaries companies like Mangalore Refinery and Petrochemicals Limited, Hindustan Petroleum Corporation Limited, HPCL Biofuels Limited, Petronet MHB Limited, etc.
ONGC Financials 2023
| Revenue | ₹6,40,400(Cr) |
| Profit | ₹32,778(Cr) |
| Net worth | ₹3,01,255(Cr) |
Also Read: IRFC Share Price Target 2024, 2025, 2026
2. NTPC Limited (NTPC)
Apart from being India’s largest power producer, NTPC is also the backbone of India’s energy industry. NTPC was established in 1975. NTPC helps a lot in boosting India’s economy. NTPC Core business is power & energy trading.
NTPC Also operates thermal power plants. NTPC has expanded its operations, including renewable energy markets. NTPC uses clean coal technology such as flue gas desulphurization to reduce air pollution at its thermal power facilities.
NTPC Financials 2023
| Revenue | ₹1,77,977(Cr) |
| Profit | ₹17,534(Cr) |
| Net worth | ₹1,50,954(Cr) |
3. Coal India Limited
Coal India Limited was established in 1975. coal India is the largest coal producer by volume. Coal India Operates Over 800 mines in India. This mines produce high amount coal which fulfills the electricity requirement of India.
Coal India also Operates the Indian Institute of Coal Management (IICM), a corporate training institute in India. Coal India also has some subsidiaries like Bharat Coking Coal Limited, Central Coalfields Limited, Mahanadi Coalfields Limited, etc.
Coal India Financials 2023
| Revenue | ₹1,44,803(Cr) |
| Profit | ₹28,125(Cr) |
| Networth | ₹58,016(Cr) |
Also Read: Tata Steel Share Target Price 2024, 2025, 2026
4. Power Grid Corporation of India Limited (Power Grid)
Power Grid Corporation of India Limited (Power Grid) was established in 1989. Power grids play an important role of meeting India’s electrical needs. Government owns 51.34% of power grid. and the remaining share is held by retail investors and institutional investors.
Power Grid Corporation has 168,140 kilometers of High voltage transmission lines. Power Grid Corporation has an important role in boosting the Indian economy.
Power Grid Corporation Financials 2023
| Revenue | ₹46,600(Cr) |
| Profit | ₹15,169(Cr) |
| Net Worth | ₹83,015(Cr) |
5. Indian Railway Finance Corporation Limited (IRFC)
Indian Railway Finance Corporation Limited (IRFC) was established in 1987. The work of Indian Railway Finance Corporation is to provide funds to Indian Railways so that Railways can complete their development works rapidly.
By providing a dedicated source of funding, IRFC helps accelerate railway development and reduces the burden on government finances. Which helps the Railways in further growth.
| Revenue | ₹23,933(Cr) |
| Profit | ₹6,337(Cr) |
| Networth | ₹45,470(Cr) |
Note: Do not invest based on the information given by this website. We are not SEBI registered. Our objective is to provide you with education and awareness about the stock market. Always do your own research and consult your financial advisor before making any investment decision.