Year Ender 2023 TOP PSU Stocks: In the year 2023, the stocks of listed companies of Tata Group, Adani or Reliance or Birla Group have not given the highest earning to the investors of Indian stock market. In fact, in 2023, government sector companies have proved to be the biggest multibaggers of the Indian stock market. Be it energy sector stocks or defense or government sector banking stocks.
Nifty PSE index rose 74 percent
The rise in government companies can be gauged from the fact that in the last trading session of 2022, the Nifty PSE index closed at 4367 points. Which closed at 7548 points on 14 December 2023. There has been a jump of about 73 percent in this index in 2023. Whereas in the three years since the Corona period, this index has increased by 160 percent.
Power stocks gave returns of 185 to 280%
Talking about stocks, REC stock of energy sector has proved to be the biggest multibagger stock among the government sector companies. REC stock has jumped by 280 percent in 2023. The stock of Power Finance Corporation is also seen following in the footsteps of REC. This stock has given a return of 275 percent to its investors in 2023. SJVN, which produces hydroelectric power, has also proved to be a multibagger stock and the stock has given a return of 185 percent to its investors in 2023. In 2023, IREDA was the only government company which came out with an IPO. The share was listed on the stock exchange on November 29 and in just 13 days of trading session, the share has given a return of 275 percent to its investors.
Multibagger Defense Stocks
The stock of defense sector company Mazgaon Dock has also proved to be a multibagger stock. There has been a rise of 162 percent in this stock in 2023. Whereas in the last three years this share has given a return of about 10 times 970 percent. Another multibagger defense stock HAL has also given strong returns to its investors. There has been a split in HAL's stock. Therefore this stock is trading at Rs 2773. The stock closed at Rs 2531 on December 30. And from those levels the stock has given 120 percent return to investors in 2023.
PM Modi gave Gurumantra for investment
Prime Minister speaking on No-Confidence Motion in Lok Sabha in August 2023 Narendra Modi had given the guru mantra of investment to the stock market investors. PM Modi said that those who curse government companies, you should invest in them and you will get tremendous returns on your investment. After PM Modi's mantra, there has been a further rise in the shares of public sector companies. Stock market experts believe that the stocks of public sector companies which have been underperforming for a long time may see a spectacular rise.
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