Government shares/stock denote the part of a company/PSU belonging to the Government. Projects like ONGC fall into this category, where it is a public sector undertaking, and the government holds a majority of its shares. They appear in the Government Shares List.
For an investor seeking to upgrade their portfolio, government stocks are the perfect choice to invest in. Despite the poor performance of the market, they ensure that there is a return on the invested principal amount. Publicly, share list companies like the NSE or BSE are always ready to sell their stocks in any public listing on the stock exchange.
Types of Government Companies on Shares
We will focus on different government Company lists in government shares lists and price cards, which can be traded on the market.
Central Public Sector Enterprises (CPSEs)
As defined under the CPSEs, a company is an undertaking in which more than 51 per cent of shares are owned by the Central Government or another CPSE. These CPSEs are of two kinds: strategic and non-strategic. All defence firms, as well as railways and atomic agencies, belong to the Strategic Category, while others constitute Non-Strategic.
PSBs or Public Sector Banks
Public Sector Banks comprise banks that have 51% or more ownership/holding by the government or any such Public Sector Banks. The primary role of these corporations is that of a social welfare organisation. These companies have their shares discussed as profitable shares of the government at nse stocks.
State-level public enterprises (SLPEs)
These entities are mostly owned by the state governments or some other SLPE’s. The state uses them in its public policy-making. The SLPEs of today are very different from those of the 50s.
Overview of Best Government Share List Companies 2023
Any of these listed companies will be ideal, particularly as long-term investments. This is the section that contains all the relevant data about the listed companies in the government share list in 2023. Some of the best government stocks can be categorized under these sub-headings.
Shall we follow the fundamental information about its shares? However, you should remember that past record is not a yardstick for predicting success in the future.
ONGC
One of the biggest public corporations owned by the government. ONGC supplies 80% of natural gases and 64% of petroleum to India. It is among the stocks included in BSE SENSEX listings that are traded at the Bombay Stock Exchange, and it is likewise a part of the national index of S and P CNX NIFTY.
As of 2023, most of the shares are held by promoters, while the government of India holds 10.23%. The stock is currently trading at a high of Rs.157.80 and a low of Rs.156.55, with a total volume of 6,059,738 shares. In the government shares list, it is among the leading companies.
State Bank of India
The Bank was established on 1st July 1955 as a child of the Bank of Bengal. It was the seventh Indian company to surpass the 5 trillion mark on 14 September 2022—one of the largest and most popular banks in India. The government owns the State Bank of India, which operates as a multinational Financial Services Company.
According to the government shares list, SBI’s stock is quoted on the NSE and BSE, where it trades under the ticker symbol “SBIN.” Over the last two years or so, it has managed to rise above its competition as ‘the dominant bank in India.’
Currently, SBI is at an all-time high of Rs.569.45 and a minimum of Rs.562.55. Its current volume is 14,549,152. The historical data indicates that in July 1999, SBI had hit its maximum of 27.87 and low of 22.09. Its 1999 volume was 1,915,942,815.
Bharat Petroleum Corporation Ltd
One of the government-owned businesses involved in the Refining, Marketing, and distribution of petroleum products, this firm has been operating for 98 years. It is also traded on BSE with a current volume of 1,207,938. It’s presently trading at a high of KSh.375.05 and a low of KSh.371.50.
Indian Oil Corporation Limited
IOCL was founded in 1959. It is a public company involved in processing crude oil, refining, and petroleum products distribution. It has today’s high at Rs.92.60 and low at Rs.91.20 at volume of 9,394,894.
GAIL (India) Ltd
Another company in this case is GAIL Ltd. Its operations are carried out under Transmission Services, Petrochemicals, Natural Gas Marketing, Liquid Hydrocarbons and others. It also produces solar and wind energy. The company has a total of 14,500 kilometres of natural gas pipeline that it operates and owns.
Founded in 1984, it is located in New Delhi, India. As for GAIL, its stock is currently trading at a high of $1.087 in India. Its volume is 11,218,628.
Its highest was ever traded at the historical date, amounting to ten point six one, with the lowest being seven points double zero, while the volume number read as thirty-four million seventy-nine thousand two hundred forty-one.
Steel Authority of India Ltd
Steel Authority of India Limited; New Delhi, India… The Company produces and markets Iron and steel products Operation. Its volume is 18,507,799. The current operating level is as high as Rs.87.05 and as low as Rs.85.35.
NMDC
NMDC is one of the Government of India enterprises that is involved in the survey of mines and other natural resources. The company was established in 1984 and is situated in Hyderabad. The high is Rs.108.20 per share, while the low is Rs.106.20 per share. Its volume is 7,834,279.
IRCTC
The Britishers introduced railways into India during the colonial days primarily to enhance efficiencies in transport and, therefore, ease of doing business for them. One of the leading public sector undertakings (PSUs) emerged in India as Ministry in 1999. Its high is Rs.670.90, and its low is Rs.660.20. Its volume is 1,519,178.
PNB
The bank was established in May 1894 as the third-largest Indian public sector bank in India. The company has over 180 million customers. Its current volume is twenty-three million one hundred ninety-four thousand fifteen hundred. Its highest price is fifty-two rupees twenty-five while its lowest cost is fifty-one rupees forty-five.
Union Bank Of India
One of the Banks in the Government Share List is Union Bank of India. UBI is a Mumbai-based public sector bank. The company employs approximately 120+ million clients worldwide, whose turnover is estimated at around US$106 billion.
Among them is a merger with Corporation Bank and Andhra Bank, which came into effect on 1 April 2020. The merged entity is now one of India’s largest public sector banks. The stock is trading at a high of $1.51, a low of $1.48, and has a volume of 7,743,663.
MyGainn: Where Investment Confidence Meets Wealth Growth
Putting your money on stake with stocks remains one of the most secure ways of ensuring that your wealth keeps on growing. One of the safest ways to save for your pension is by investing your money into government bonds if it is well planned.
However, the number of government shares and their price varies according to the market conditions. However, government bonds lack the risk associated with credit rating and are at risk of interest rate risk.
Such bonds listed under Government shares have a greater impact on changes in Interest Rate rates that should be analyzed deeply and invested in afterwards. Selling such bonds prior to maturity may involve losses.
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