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Are you looking for the top 10 PSU stocks to buy before budget 23 July 2024 then look no further than this blog. Here in this blog, I have mentioned a list of 10 PSU stocks 

scroll down here to learn about the best Psu stocks that you should have in your portfolio before budget 2024 so you can earn good returns on your investment.

Here I have listed the stocks with I have also listed some fundamental ratios which tell us about the fundamentals of a stock along with it I have listed the dividend yield of the stocks which can be an excellent source of passive income if you are looking for it highest dividend paying stocks are mentioned which coal India is an Indian oil corporation coal india gives dividend of about 5.1% and Indian oil corporation gives the dividend yield of 8% I have also mentioned the 1-year return of stocks which is a technical factor. this list of top 10 PSU stocks to buy before budget 23 July 2024 provides the best stocks.

Why PSU stocks are best to buy before the Budget 2024 

This is the question you may be wondering about don’t worry kshitijtrading.com is with you  

  • PSU stocks like ONGC gave 93.7% returns in 1year of period 
  • PSU stocks are mostly undervalued  
  • High dividend yield  
  • Safer option  

These are the top 4 reasons why you should buy PSU stocks before budget 2024 

List of top 10 PSU stocks to buy before Budget 2024: July 2023 insight 

1. Oil and Natural Gas Corporation (ONGC) 

ONGC is the very backbone of the Indian Energy sector because it produces 70 per cent of India’s domestic production of crude oil and around 84 per cent of natural gas. Established in 1956 by the government of India  

  • PE 8.35 
  • PB 1.24 
  • DIVIDEND YIELD 3.16% 
  • 1-year return 93.3% 

2. NMDC  

NMDC Limited, formerly National Mineral Development Corporation, is an Indian public sector undertaking involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, coal etc. This is a very high-value stock, and this is why it deserves a place in the top 10 stocks to buy before budget 2024 

  • PE 12.26 
  • PB 2.76 
  • DIVIDEND YIELD 3.56% 
  • 1-year return 106.90% 

3. COAL INDIA 

It is the largest government-owned coal producer in the world. It is also the ninth largest employer in India with nearly 272,000 employees (about half the population of Wyoming). 

  • PE 9.27 
  • PB 3.76 
  • DIVIDEND YIELD 4.87% 
  • 1 year returns 114% 

4. SBI 

a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. It is one of the best PSU stocks to buy

  • PE 12.03 
  • PB 2.11 
  • DIVIDEND YIELD 1.53% 
  • 1-year return 48.53% 

5. POWERGRID  

Power Grid Corporation of India Limited specializes in the transmission of electricity. 

  • PE 20.37 
  • PB 3.64 
  • YIELD 3.53% 
  • 1-year return 83.73% 

6. IOC  

Indian Oil Corporation is a great company, and it is very undervalued with a high dividend yield, so it is the best fit for this list of Top 10 stocks to buy before budget 2024 

  • PE 5.74 
  • PB 1.31 
  • YIELD 8.84% 
  • 1 year returns 69.89% 

7. HAL 

Hindustan Aeronautics Limited has given astounding returns over the past 6 months and it’s likely to grow even more.so it’s a good fit for your search for the top 10 stocks to buy before budget 2024 

  • PE 44.01 
  • PB 11.51 
  • YIELD 0.59% 
  • 1 year return 152% 

8. BEL  

It primarily manufactures advanced electronic products for ground and aerospace applications from Tejas to submarines and will play a major role in aerospace and marine defence so it’s one of the best PSU stocks to buy.

  • PE 57.51 
  • PB 14.04 
  • YIELD 0.64% 
  • 1 YEAR RETURN 143% 

9. MAZDOCK  

Mazdock Shipbuilders Limited, Mumbai, an ISO 9001: 2015 Company is one of the leading shipbuilding yards in India. I must add to the Top 10 stocks to buy before budget 23 July 2024 because it manufactures warships and submarines for the Indian Navy and offshore platforms and associated support vessels for offshore oil drilling Kolkata-class destroyers. is the major product and it is one of the best PSU stocks to buy anytime

  • PE 54.04 
  • PB 16.77 
  • YIELD 0.43% 
  • 1 year return 193.96% 

10. RVNL  

It’s the monopoly stock in the railway sector, and a railway stock must be on the list of the Top 10 stocks to buy before budget 2024. If you want returns that exceed your expectations, then the railway sector is the sector you should look for. RVNL Rail Vikas Nigam Limited is the sole game changer of the railway stocks, so it’s one of the best PSU stocks to buy.

  • PE 77.65 
  • PB 13.98 
  • YIELD 0.05% 
  • 1-year return 390.91% 

These Are The Top 10 stocks to buy before Budget 2024: July 23 insight. 

Our suggestion is if you are planning for the long term then you should go for the top 5 in this list and if you are trying just to squeeze in a few bucks and just want to capture a trend then you should go for the last 5 stocks in this list.

PSU stocks gave a good return last year because the Modi regime will continue to do so, It’s not wise not to buy the PSU stocks, Ask yourself do you want to stay behind. others who are learning and investing and are getting rich.
Don’t fall behind initiate your investment journey now! The list of The Top 10 stocks to buy before Budget 2024: July 23 insight. will help you get confident and will give you a roadmap of how it will make you an effective trader and you will minimise your losses while maximising your profits.

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This article was written by Kshitij tailor contact us
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