These two Multi-bagger PSU stocks revive with positive returns after Q2 results, shares return to green zone

Maharatna Multi-bagger PSU stocks, REC Ltd and Bharat Electronics Ltd have been rejuvenated since their quarterly results, amid strong oscillations and fluctuation trending for several weeks before. The Brokerage house UBS has maintained a neutral rating for Bharat Electronics (BEL) shares following its Q2 results.

The Nifty 50 PSU stock has gained 106 percent in the last year. On Friday, October 25, Bharat Electronics (BEL) announced its results for the quarter ended September 2024, reporting a 34 percent increase in its standalone net profit.

BEL Q2 results: Bharat Electronics (BEL) reported a 34 percent increase in its standalone net profit which stood at Rs 1901 crore against Rs 812 crore in the same period last year. On the other hand, revenue from operations in Q2 stood at Rs 4,583 crore, a 15% increase compared to Rs 3,993 crore reported in the corresponding quarter of the previous financial year.

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 BEL shares have delivered a robust 1226.71 return in the last ten years, outperforming the Sensex, which surged 194.50 percent at the same time. As per the rating, Brokerage house UBS has continued to maintain a neutral rating for Bharat Electronics (BEL) shares with a target price of Rs 320.

REC Ltd is an infrastructure financing Public company. Its net profit for the second quarter, which ended on September 30, 2024, increased 6.2% year on year (YoY) to Rs 4,005.5 crore. According to REC's regulatory filing, the company reported a net profit of Rs 3,773.2 crore for the corresponding quarter of the previous fiscal year. Currently, the company's shares are trading at a good-average level with a dividend yield of 3.13%.

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The Board of Directors considered and approved "Declaration of 2nd interim dividend @: Rs 4/- (Rupees Four only) per equity share of Rs 10 - each for the financial year 2024-25. Further, the record date for the said interim dividend is Friday, November 8, 2024 and the said interim dividend shall be paid/ dispatched on or before November 22, 2024, said the PSU company in a stock exchange filing.

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