53 PSU stocks to see hike in retail holding in Q3CY24 including SBI, NTPC

 53 PSU stocks to increase retail holding within the BSE PSU index over the nine months ending September 30, 2024, compared to the December 2023 quarter. Notably, 33 of these public sector stocks have outperformed the Nifty on a year-to-date basis. While the S&P BSE Sensex has returned 13% in CY24 so far, the returns for these stocks range from 14% to 150%, according to Ace Equity data.

Bharat Dynamics has experienced the highest increase in retail shareholding, which grew by 524 basis points (bps). By the end of the September quarter, retail holdings reached 11.71%, up from 6.47% at the end of December 2023. NHPC follows, with retail holdings increasing by 507 bps, rising from 4.45% in Q4 CY24 to 9.52% in Q3 CY25. BEML saw retail investors grow by 492 bps during the same period, with shareholding increasing from 13.10% to 18.02%.

The returns for these stocks were 42%, 27%, and 51%, respectively.

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Among these, the highest returns, though, were 150% yielded by Cochin Shipyard in the given period. It witnessed retail holding going up from 14.12% in December 2023 to 16.73% at the end of the September 2024 quarter.

It was followed by 114% given by Mazagon Dock. In this, retail holding went up from 8.29% in December 2023 to 10.60% at the end of the September 2024 quarter. CIL has underperformed Nifty with 11% returns while the rest have outperformed. Their returns are between 20% and 37% on the YTD basis.

Some other stocks where retail ownership went up were Bharat Electronics (BEL, 352 bps), Housing & Urban Development Corporation (HUDCO, 347 bps), Hindustan Aeronautics (HAL, 182 bps), Indian Railway Finance Corporation (IRFC, 104 bps), Ircon International (364 bps), National Aluminium Company (NALCO, 2 bps), Power Finance Corporation (PFC, 59 bps) Punjab National Bank (PNB, 84 bps), REC (25 bps), Rites (271 bps), SJVN (213 bps).

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Five Nifty stocks (3 Sensex) witnessed their retail holdings go up as of September 30, 2024 closing. Among the gainers are Coal India (CIL, 23 bps), NTPC (52 bps), Oil & Natural Gas Corporation (ONGC, 65 bps), Power Grid Corporation (13 bps) and State Bank Of India (SBI, 27 bps).

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