8 PSUs including IRFC, Bharat Electronics entered ₹1 lakh crore market cap club in last one year; check full list
Also Read: IRFC, RVNL, and Mazagon Dock jump up to 13% to their respective new highs; gave multibagger returns in last 1 year Amid this backdrop, multiple PSU companies saw their market capitalisation crossing a significant ₹one lakh crore level. Currently, 17 PSU companies boast a market capitalisation above ₹one lakh crore, and eight of them joined this club in the past year. These companies include IRFC, Bharat Electronics, Bank of Baroda, REC, Punjab National Bank, Union Bank of India, Power Finance Corporation, and Hindustan Aeronautics.
On Wednesday, LIC emerged as the most valued Indian PSU firm, surpassing SBI. Notably, these are the only Indian-listed firms with market capitalisation exceeding ₹5 lakh crore. As of today, LIC holds a market capitalisation of ₹5.66 lakh crore, while SBI has a market capitalisation of ₹5.60 lakh crore.
Following these, ONGC secured the third spot with a market capitalisation of ₹3 lakh crore, followed by NTPC, Coal India, Power Grid Corporation, and Indian Oil Corporation with over ₹2 lakh crore m-cap. Other PSU firms, such as GAIL and BPCL, also have their m-cap over ₹one lakh crore. Looking at the top performers in the past year, IRFC emerged as the top wealth creator with an impressive return of 347.6%.
The stock reached a market capitalisation of ₹1 lakh crore on September 11, 2023. Also Read: From Mazagon Dock Shipbuilders to IRCTC, 7 of 8 PSU stocks listed over last 5 years gave multibagger returns REC shares also demonstrated a robust performance, rallying by 243% over the last year. Similarly, Power Finance Corporation shares experienced a substantial jump of 225% during the same period.
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