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These 11 PSU stocks delivered returns up to  177% in FY23

Mazagon Dock Shipbuilders, a defence PSU firm, emerged as the top-performing stock in the BSE PSU index with a staggering 177.40% return in the fiscal year 2022–23.

The very next PSU stock on the list was Rail Vikas Nigam, a railway infrastructure company. The stock finished FY23 strongly, returning nearly 110%. 


With a rally of around 105% in FY23, UCO Bank emerged as the third top gainer in the BSE PSU index, with a significant portion of the gains (58%) being made in December alone.

Similarly, another PSU bank, the Indian Bank, also showed impressive performance, growing from rupees 152.90 to rupees 288.55, yielding a return of 88.71%.

Further, shares of Hindustan Aeronautics (HAL) and Bharat Dynamics, two of India's leading defence public sector undertakings, have also seen a strong performance in FY23.

HAL, an aerospace and defence company, saw its shares rise from rupees 1,484.90 apiece to rupees 2,731, an 83.91% increase in value

Likewise, shares of Bharat Dynamics Limited, a manufacturer of missile systems, increased from rupees 549.30 to rupees 988.70, giving investors a return of almost 80% in FY23.

Other stocks, such as Punjab & Sind Bank, Union Bank of India, Bank of India, Cochin Shipyard, and Bank of Maharashtra, saw gains between 50% and 65% in FY23.

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These 11 PSU stocks delivered returns up to  177% in FY23; Do you own any?

Amid the overall flat performance of the Indian benchmark indices in FY23, public sector undertaking (PSU) stocks have emerged as a bright spot for investors.

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These 11 PSU stocks delivered returns up to 177% in FY23; Do you own any?

Amid the overall flat performance of the Indian benchmark indices in FY23, public sector undertaking (PSU) stocks have emerged as a bright spot for investors.

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