Modi’s Guarantee Sparks PSU Stock Surge: 22 Multibaggers, Rs 24 Lakh Crore Profits-In a landmark moment for India’s stock market, Prime Minister Narendra Modi’s bold reassurance on Public Sector Undertaking (PSU) stocks has sparked a monumental surge, transforming 22 of them into multibaggers. With a whopping profit of Rs 24 lakh crore amassed by investors within just six months of Modi’s speech, the trajectory of PSU stocks has taken a remarkable turn. Let’s delve deeper into this unprecedented phenomenon and explore how Modi’s words have reshaped the investment landscape.
Modi’s Guarantee Sparks PSU Stock Surge: 22 Multibaggers, Rs 24 Lakh Crore Profits
Modi’s Bold Assurance Turns PSU Stocks into Multibaggers, Rakes in Rs 24 Lakh Crore Profits
PM Modi’s Assuring Words
During a session in the Lok Sabha last year, PM Modi encouraged investors to “daav laga dijiye” or bet on PSU stocks, dismissing their detractors and instilling confidence in their potential. This unprecedented endorsement by a Prime Minister within the Parliament was met with a surge of optimism among investors.
The PSU Stock Rally
Following Modi’s speech, the BSE PSU index witnessed an astonishing 66% surge in total market value, catapulting to Rs 59.5 lakh crore. Notably, none of the PSU stocks in the index recorded negative returns post-PM’s assurance, showcasing the robustness of the rally.
Multibaggers Galore
A staggering 22 PSU stocks have transformed into multi-baggers within six months, defying market norms and expectations. Leading the pack is NBCC with a staggering 249% surge, followed by others like HUDCO, ITI, SJVN, Cochin Shipyard, and more, all delivering significant returns to investors.
Impact on Other Sectors
The ripple effect of Modi’s guarantee extends beyond PSU stocks, with PSU banks like Indian Overseas Bank, Punjab & Sind Bank, Central Bank Of India, and UCO Bank also witnessing a doubling of wealth during the same period.
Modi’s Remarkable Insights
Modi’s strategic mention of specific companies like LIC and Hindustan Aeronautics Limited (HAL) has further bolstered investor sentiment. LIC, which faced skepticism, has seen its shares rally by 56%, surpassing its IPO price for the first time.
Government Initiatives and Investor Confidence:
The Modi government’s initiatives, including stock splits in defense PSUs and higher dividend payouts, have played a pivotal role in enhancing investor confidence. Additionally, attractive valuations, the hope of growth revival, and exemptions from compliance norms have propelled the surge in PSU stocks.
Conclusion
Prime Minister Narendra Modi’s historic assurance on PSU stocks has ushered in an era of unprecedented growth and prosperity in India’s stock market. With 22 multi-baggers and a staggering Rs 24 lakh crore profit generated within a short span, Modi’s words have become a catalyst for transformative change. As investors continue to ride the wave of PSU stock rally, the landscape of India’s investment market stands reshaped, with Modi’s guarantee serving as a beacon of hope and opportunity.
Disclaimer: The information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Readers are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
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