Coal India vs NTPC: Which PSU stock should you pick for long-term investing?
Read here: Tata Motors vs M&M: Which auto major should you pick for the long term? Amidst this favorable landscape, let's compare Coal India (CIL) and NTPC to discern which PSU stock offers superior long-term investment prospects. Coal India as well as NTPC have underperformed benchmark Nifty PSE this year so far but CIL is the better performer between the two. CIL has risen over 20 percent in 2024 YTD while NTPC is up over 15 percent.
In comparison, the Nifty PSE index has gained over 22 percent in this period. This year so far, CIL has given positive returns in 3 of the 4 months so far while M&M has been positive for all 4. CIL rose 4.4 percent in April so far after a 0.6 percent decline in March.
Meanwhile, it added 7.5 percent and 8 percent in February and January 2024. Before the fall in March 2024, the stock had given positive returns for 7 straight months since August 2023. Between August 2023 and February 2024, the stock surged over 90 percent.
NTPC, on the other hand, has gained 7 percent in April so far, extending gains for the 6th straight month since November 2023. Between November 2023 and April till date, the stock has jumped over 52 percent. In 2024, it advanced 2 percent in January, 5.6 percent in February and just 0.06 percent in March.
Read here: Nifty Bank vs Nifty IT: Which index should you invest in for long term? Meanwhile, in the last 1 year, NTPC has been the better stock, giving multibagger returns. It has soared 111 percent whereas CIL has rallied over 95 percent. In comparison, Nifty PSE has surged 110 percent in this time.
Both CIL Motors and NTPC have also hit their record highs in the current year, 2024. CIL hit its new peak of ₹487.60 on February 16, 2024. Currently trading at ₹453.20, it
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