THREE PSU STOCKS TRADING AT A DISCOUNT OF UPTO 40% TO KEEP ON YOUR RADAR

PSU stocks have given strong returns in the year 2024, however since past one year there has been a strong correction in these stocks. At one point of time, it was the favourite stocks of investors, however it seems that this year it has lost it's charm. Below are some fundamentally strong PSU stocks that are trading at a discount of over 40% from their all-time-high levels.

- this is a leading fertiliser and chemical manufacturing company with about 75% of its equity held by the Government of India. Currently having a market cap of Rs 8,052 crore, the stock had hit it's all-time-high at Rs 243.36 on 23rd July 2024, and compared to the current trading price of Rs. 146, the stock is trading at a discount of nearly 40% - this is a financing arm of Indian Railways and it's objective is to raise necessary funds for meeting the developmental needs of Indian Railways. The Government of India has a 86% stake in the company. Currently having a market cap of Rs 1,64,990 crore, the stock had hit it's all-time-high at Rs 225.46 on 15th July 2024, and compared to the current trading price of Rs. 126, the stock is trading at a discount of nearly 43% - the company is engaged in the business of exploration, development, and production of crude oil, natural gas, LPG, and condensate, and providing services such as pipeline transportation and generation of renewable energy. The Government of India has a 57% stake in the company. Currently having a market cap of Rs 70,725 crore, the stock had hit it's all-time-high at Rs 749.65 on 30th Aug 2024, and compared to the current trading price of Rs. 435, the stock is trading at a discount of nearly 42%