All stocks in NIFTY PSE Index give positive return in 2024 so far

So far in the year 2024, shares of government companies i.e. Public Sector Enterprises (PSE) have performed well. All the components of Nifty PSE index are in the green zone so far this year.

This index has been successful in giving multibagger returns with a jump of 112 percent in the last one year. So far in 2024, this index has given a return of 25% compared to 4% of Nifty.

This year, Oil India is at the forefront of government shares, whose share prices have registered a rise of more than 66 percent so far in 2024.

After that, there are shares like NALCO, BHEL, Hindustan Aeronautics and NHPC, whose prices have increased by more than 40-40 percent so far.

If we look at other PSE shares, shares of ONGC, SAIL, BPCL, IOCL, BEL, GAIL, Power Grid Corporation, HPCL and Coal India have increased by more than 20-20 percent.

Actually the government is focusing on the capex of these companies. On the other hand, there are indications of BJP returning to power in the elections. These factors together are supporting the shares of government companies.

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