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Government Stocks: It is generally believed about government companies that their profit graph does not increase rapidly due to following many government restrictions. There are slight fluctuations in the share graph also. But in recent times, some companies of the Government of India have reversed this notion. Even during the period of decline in the stock market, the shares of these central public sector companies are rising. These also include companies like GIC and Mazgaon Dock. Shares of some have jumped up to 15 percent. BSE Sensex has fallen 4.8 percent in the last three months. During this period, shares of General Insurance Corporation included in the BSE PSU index have gained up to 15.1 percent.
BSE PSU Index shares are performing well
BSE PSU Index shares are performing well even as Sensex continues to fall. Shares of GIC i.e. General Insurance Corporation have given a return of 15.1 percent in the last three months and 2.8 percent in the last week. Mazagon Dock Shipbuilders shares have also given a return of 1.7 percent last week. There has been a rise of up to 24 percent in the price of this share in the last three months. The shares of National Chemical and Fertilizer Company may have seen a decline of 3.6 percent in the last three months, but in the last week it has seen a jump of 0.9 percent. Shares of Bharat Dynamics have also given a nominal return of 0.5 percent last week. Despite the market falling in the last three months, it gave an overall return of 9.8 percent.
Investors’ confidence in PSU remains intact
It is clear from the good performance of many companies of BSE PSU Index that investors’ confidence in government companies remains intact. Most of these companies are leaders in their sector. For this reason, despite not giving much returns, they maintain the upward trend.
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