Ganesh Chaturthi multibaggers: PSU stocks rule. Mazagon Dock, RVNL give over 400% returns

As India celebrates Ganesh Chaturthi festival today, ETMarkets brings a list of 38 stocks which have given multibagger returns from last Ganesh Chaturthi (August 31, 2022) with two PSU stocks leading the pack, giving over 400% returns. The government-owned company stocks also outnumbered their private peers in terms of number of counters giving more than 100% returns.

The top gainer is state-run Mazagon Dock Shipbuilders, which has given over 479% returns during this period. The stock had ended at Rs 391.30 on the BSE on August 30, 2022 while the Monday closing price was 2,198.05. It was followed by Rail Vikas Nigam Limited (RVNL) which returned nearly 418%.

Eight stocks viz. Lloyds Metals & Energy, Apar Industries, Jindal Stainless, Indian Railway Finance Corporation (IRFC), JBM Auto, Ircon International, UCO Bank and Suzlon Energy which have given between 312% and 223.88% returns in this period.

The rest 28 have given between 193% and 102%.

PSU vs Private
Out of the 38 stocks, 21 of them with more than 100% returns were from the PSU stable. Mazagon Dock tops the chart followed by RVNL and Lloyds Metals & Energy at the third spot.

Government banks have displayed top form with nine out of 12 PSU banks giving returns in excess of 100%. Uco Bank tops occupies the top place with returns of 236% followed by Punjab & Sind Bank (PSB), Bank of Maharashtra (BoM), Central Bank Of India (CBI), Union Bank Of India, Indian Overseas Bank (IOB), Punjab National Bank (PNB), Indian Bank and Bank of India (BoI) have given returns between 186% and 104%.

Other PSU stocks with multibaggers returns include Cochin Shipyard, PNB Housing Finance, SJVN, Power Finance Corporation (PFC), Bharat Heavy Electricals (BHEL), Engineers India (EIL), REC and Mishra Dhatu N

The rest are non-PSU stocks with multibaggers returns include Kalyan Jewellers India, Finolex Cables, Glenmark Pharmaceuticals, Zensar Technologies, Triveni Turbine, Supreme Industries, Polycab India, Raymond, KPIT Technologies, NCC, Cyient and Sonata Software which have earned earned between 180% and 102% on investments.

(Inputs from Ritesh Presswala)



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