All about 2024 government shares will boom soon after election. Government/PSU stocks are on high demand right now. But which stocks are best to invest, people don’t know. So in this article we suggest you best and fundamentally strong shares that can give you massive result in upcoming months or years.

BJP government announced their manifesto and they also share their vision to all of us. After election if BJP win then BJP government will specially focus on development of India. They will focus on all sectors for development for example – infrastructure, renewable energy, defence sector, electric vehicles and many more. PM Narendra Modi announces in their speech about development and they also said about development of India and they provide these sectors to invest in for best returns. BJP will work on every sectors for development. But if BJP will win then PSU (government) stocks will boom after the result.

But here is the biggest question is that which Government shares will boom in 2024. So, let me provide you the information and our personal view.

So, first of all understand these things that why you should invest in Government stocks ? – (1.) Government stocks are fundamentally strong and people trust of these stocks. (2.) If BJP government won this election then most of the sectors increase very fast and government stocks are one of the best on it. So, these two things are most important to understand you.

Check this – Click here 

Best Government Shares to invest

In this article we provide you best Government shares/stocks that are trustable, futuristic and fundamentally strong.

Oil and Natural Gas Corporation Ltd

lets talk about the company and what is the main business of this company.

Oil and Natural Gas Corporation Ltd (ONGC) is a global energy holding company of India. They focus on exploring, developing, and producing crude oil and natural gas. This is one of the largest government oil and gas explorer and producer in the country (India). It produce around 70% of India’s crude oil and around 84% of natural gas. They’re pretty much the backbone of the country’s energy game. This is one of the largest Oil and Natural gas developer and producer of India. This company working since 14 August 1956 and it founded by the Indian Government.

Let’s talk about the fundamentals –

• The Market Capitalization of ONGC is ₹3,59,922 Cr and it gave 78.48% return in one year.
• Stock P/E  is ₹7.85 that is good indication and last 5 year CAGR is 14.4%.
• Stock is trading at 1.16 times its book value.
• Stock is providing a good dividend yield of 3.93%.
• Company has been maintaining a healthy dividend payout of 32.2%.

Know more about ONGC by click here

Gail India

GAIL founded in 1984, the Gas Authority of India Limited is a state-owned natural gas processing and distribution company in India. It explore and produce gas in India.

• The Market Capitalization of GAIL is ₹1,34,001 Cr and it gave 89.27% return in one year.
• Stock P/E  is ₹16.6 that is good indication and last 5 year CAGR is 12%
• Company has been maintaining a healthy dividend payout of 43.6%

Know more about GAIL by click here

NTPC Ltd

NTPC is a power sector stock that work on generation and distribution of electricity to State Electricity Boards in India. It established in 1975 by Indian Government.

• The Market Capitalization is ₹3,53,880 Cr and it gave 108.92% return in one year.
• Stock P/E  is ₹18.1 that is good indication and last 5 year CAGR is 22%
• Company has been maintaining a healthy dividend payout of 41.0%

Know more about by click here

Power Grid Corporation of India Ltd

Power Grid Corporation Of India Ltd established in 1989, It is engaged mainly in transmission of bulk power across different states of India. The headquarter of this is in Gurugram. The main work of Power grid is to provide power/electricity to all over nation.

• The Market Capitalization is ₹2,89,109 Cr and it gave 71.69% return in one year.
• Stock P/E  is ₹18.4 that is good indication and last 5 year CAGR is 24%
• Company has been maintaining a healthy dividend payout of 60.0%

Know more about by click here

Steel Authority Of India

Steel Authority of India is one of the best Steel sector stocks or company of Indian that owned by Government. This company established in 1973. This company is one of the best PSU stock of India.

• The Market Capitalization is ₹69,372 Cr and it gave 102.30% return in one year.
• Stock P/E  is ₹20.5 that is good indication and last 5 year CAGR is 26%
• Company has been maintaining a healthy dividend payout of 28.6%

Know more about by click here

Coal India Ltd

Coal India Ltd produces coal and coal-based products, They’ve got a range of offerings, from coking coal to semi-coking coal, non-coking coal, hard coal, and even washed and beneficiated coal. This company established in 1975.

• The Market Capitalization is ₹2,92,483 Cr and it gave 100.29% return in one year.
• Stock P/E  is ₹7.83 that is good indication and last 5 year CAGR is 14%
• Company has been maintaining a healthy dividend payout of 51.8%
• Company is almost debt free.

Know more about by click here

Indian Oil Corporation Ltd

Indian Oil Corporation Ltd (IOCL) established in 1959 as an Indian Oil Company, IOCL is the 20th largest petroleum company in the world, Indian Oil Corporation Ltd was formed in 1964 with the merger of Indian Refineries Ltd. (Estd. 1958).

• The Market Capitalization is ₹2,41,120 Cr and it gave 106.34% return in one year.
• Stock P/E  is ₹5.68 that is good indication and last 5 year CAGR is 11%
• Company has been maintaining a healthy dividend payout of 43.0%

Know more about by click here

Hindustan Copper Ltd

• The Market Capitalization is ₹37,482 Cr and it gave 272.58% return in one year.
• Stock P/E  is ₹124 and last 5 year CAGR is 55%
• Company has been maintaining a healthy dividend payout of 29.9%

Know more about by click here

State Bank Of India

State Bank Of India is an Indian Government Banking company. A state bank is like your hometown’s own bank, set up by the government to offer all the usual banking services. Its main gig is commercial banking, meaning it handles the everyday money stuff like loans, deposits, and transactions for folks and businesses within that state.

• The Market Capitalization of is ₹7,42,037 Cr and it gave 42.39% return in one year.
• Stock P/E  is ₹10.8 that is good indication and last 5 year CAGR is 22%
• Company has been maintaining a healthy dividend payout of 17.3%

Know more about by click here

Bharat Electronics Ltd

Bharat Electronics Ltd is an Indian Government company that work on defence sector. The main work of BEL is design, development, and manufacture of a wide range of defense and aerospace equipment for India, including all big war equipment like radar systems, electronic warfare systems, avionics, and communication systems.

• The Market Capitalization of is ₹1,71,122 Cr and it gave 118.45% return in one year.
• Stock P/E  is ₹47.9 that is good indication and last 5 year CAGR is 52%
• Company has been maintaining a healthy dividend payout of 45.5%

Know more about by click here

Bharat Heavy Electronics Ltd

Bharat Heavy Electronics Ltd (BHEL) Established in 1964, This is India’s largest engineering and manufacturing enterprise in the energy and infrastructure sector.

• The Market Capitalization of is ₹1,06,203 Cr and it gave 273.71% return in one year.
• Last 5 year CAGR is 37%
• Company has been maintaining a healthy dividend payout of 20.1%

Know more about by click here

Indian Railway Finance Corp Ltd

Indian Railway Finance Corp Ltd is owned by the government and this is a multi bagger stock there is no competitor of this company mean this is a monopoly company. IRFC’s work is to gather money for the Ministry of Railways (MoR) to buy and take care of all the train stuff, like wagons, trucks, electric trains, engines, and coaches. They handle getting the funds needed to grow, fix up, and manage these train assets.

• The Market Capitalization of is ₹2,05,176 Cr and it gave 350.79% return in one year.
• Stock P/E  is ₹34.0 that is good indication.
• Company has been maintaining a healthy dividend payout of 30.7%

Know more about by click here

NMDC Ltd

NMDC is a Government share or company of India that main work is mining and mineral exploration, with a focus on iron ore, as well as the production of steel and cement.

• The Market Capitalization of is ₹78,819 Cr and it gave 148.04% return in one year.
• Stock P/E  is ₹13.7 that is good indication and last 5 year CAGR is 29%
• Company has been maintaining a healthy dividend payout of 38.9%

Know more about by click here

Power Finance Corporation Ltd

Power Finance Corporation Ltd (PFC) founded in 1986, this is the financial backbone of Power sectors in India. This company established by the Indian Government. PFC’s sole purpose is to finance and foster the development of the power sector across the country.

• The Market Capitalization of is ₹1,58,553 Cr and it gave 252.56% return in one year.
• Stock P/E  is ₹8.43 that is good indication and last 5 year CAGR is 40%
• Company has been maintaining a healthy dividend payout of 22.4%

Know more about by click here

( Conclusion – These stocks are best to invest in this time. Its our personal view and analysis. Before investing do your personal analysis. )