Major PSU stocks that were dear to the investors in the past several months producing high returns have suffered significant erosion in value on Monday, August 5, 2024, when the Indian broader market and sectoral indices took a beating.
ONGC share price
The price of this Maharatna public sector unit came down by Rs 21 to close at Rs 309 on Monday – registering a decline of 6.39%. The 52-week high of this share is Rs 334.70. The net profit of ONGC (Oil and Natural Gas Corporation) came down by a whopping 32.1% to Rs 9,936.4 crore in Q1 of FY25. At 10:35 am on August 6, 2024, the stock was trading at Rs 314.35.
Mazgaon Dock Shipbuilders share price
The price of this share dropped by 6.13% on Monday, August 5. It declined by Rs 312.60 and settled at Rs 4,783.00 when at close of trading. The 52-week high of this stock is Rs 5860.00. At 10:35 am on August 6, 2024, the stock was trading at Rs 4,827.00.
Bharat Dymanics share price
The price of this PSU went down by 5.59%. It declined by Rs 79.30 and stood at 1,339.90. The 52-week high of this share is Rs 1,794.70. This PSU operates in the defence sector, in aerospace and underwater requirements. It also undertakes life-extension and refurbishment of missile systems. At 10:35 am on August 6, 2024, the stock was trading at Rs 1,357.75.
GAIL Ltd share price
The price of a share of GAIL dropped by 5.43%. The value eroded by Rs 12.86 during the day to settle at Rs 224.15. The 52-week high price of this share is Rs 246.30. At 10:35 am on August 6, 2024, the stock was trading at Rs 227.70.
Bank of Maharashtra share price
The PSU bank index declined by about 3% on Monday. The price of Bank of Maharashtra shares also came down by Rs 3.31 and stood ta Rs 62.20 at the end of the day – a fall of 5.05%. At 10:35 am on August 6, 2024, the stock was trading at Rs 62.81.
Coal India share price
The price of a share of India’s largest coal producer declined by 3.53% on August 5, 2024. The price of a share of Coal India was down by Rs 18.50 and settled at Rs 506.00 at the end of the day. The 52-week high of this stock is Rs 542.25. At 10:35 am on August 6, 2024, the stock was trading at Rs 510.35.
PSU Stocks to watch today: The price of ONGC, Mazgaon Dock Shipbuilders, Bharat Dynamics, GAIL, Coal India shares came down significantly on August 5, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
