1. Hindustan Aeronautics (HAL):
This defence sector PSU has been assigned the highest weight of 23.3 percent, which translates to 4 equity shares of the firm. The company’s last traded price is around Rs. 864, up 30% since November. However, significantly down from its 52-week high price of Rs. 1423 per share
2. Bharat Electronics Limited (BEL):
The scrip has been given the weightage of 19.8% with suggested 25 stocks in the portfolio. In the September ended quarter, BEL reported a 16% YoY growth in revenue after supply chains normalized post easing of coronavirus led lockdowns. It has also scaled up order wins and is aiming to increase contribution from non-defence areas.
3. Container Corporation of India:
Another pick of the brokerage firm is CONCOR with a weightage of 19.3 percent that translates to 7 stocks. Since March the stock has gained more than 40% and was last trading at Rs. 405 per share. In a earlier note, the brokerage firm said the transport and logistics entity is likely to see recovery in the next fiscal.
4. Cochin Shipyard:
This company has been assigned a weight of 19.3 percent. The stock last closed on the BSE at a price of Rs. 369.35, while its 52-week high price is Rs. 491.15.
This diversified PSU company has been assigned a weight of 18.3% in the PSU stock portfolio, which could translate to 10 shares of the firm. Since November, shares have gained as much as 14%.
ICICI Securities expects the total investment in the PSU stock portfolio to be in the range of Rs 14,800- Rs 15,100 with a six-month time frame. And returns expected from the PSU portfolio range between 8-15%. The portfolio has 43.2% allocation to large cap stocks, 19.3% in mid caps, and 37.5% in small cap stocks.