PSU stocks REC, GAIL, Coal India, MMTC and NMDC hit 52-week high. Do you own any of these?
Stock market today: Despite weak sentiments at Indian stock market, PSU stocks — REC, GAIL, Coal India, MMTC and NMDC have climbed to a new 52-week peak during Friday deals. All these PSU stocks opened with upside gap and went on to hit new 52-week high during early morning session. Out of these five PSU stocks, two stocks climbed to a new life-time peak while hitting intraday high on Friday.
Those two stocks are REC and GAIL. Here we list out fill details of these PSU stocks: 1] REC: This PSU stock has been in uptrend after ushering in new year 2023. REC share price today opened with upside gap and went on to hit intraday high of ₹296.95 apiece levels on NSE, which turned out its new life-time high as well.
However, the PSU stock has been hitting new highs on a regular basis. In YTd time, this multibagger stock has risen from 120 to ₹296.95 per share levels, delivering to the tune of 150 per cent return to its positional long term shareholders. In last one year, this multibagger PSU stock has delivered more than 220 per cent return to its stock investors.
This multibagger stock is a dividend paying stock as well. In 2023, REC has declared dividend on three occasions adn total REC dividend in 2023 is ₹10.60 per share ( ₹3.25 + ₹4.35 + ₹3.00). TCS vs Infosys vs HCL Tech: Which IT major should you pick for long term? 2] GAIL: This PSU stock is one of those stocks that climbed to a new life-time high in stock market today.
GAIL share price today had a gap down opening at ₹128.90 apiee levels on NSE. But, the PSU stock soon gathered momentum and hit a new life-time high of ₹132.15 per share on NSE. In YTD time, this PSU stock has delivered to the tune of 35 per cent to its investors.
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