Best PSU Stocks of 2009

2009 has been an eventful year for the equity markets, across the globe, particularly for markets like India, which are still emerging.
India`s benchmark 30-share index, the BSE Sensex is been amongst the best performers across key world markets during the current year, gaining more than 75% so far.
The Public Sector Undertakings (PSUs) too have displayed spectacular performance. PSUs which represent 30% of total market cap of listed companies in India, are in news these days with government announcing plans to divest stakes in profitable state run companies in order to finance ballooning fiscal deficit.
Let`s have a look at of 5 excellent performers among the PSUs` stocks in 2009 which have managed to make a mark.
Central Bank of India
Among the Public Sector Banks, Central Bank of India can be truly described as an all India bank, due to distribution of its large network in 27 out of 28 States as also in 4 out of 7 Union Territories in India. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 3,541 branches and 218 extension counters at various centres throughout the length and breadth of the country. Stock price of the company zoomed 240.40% to stand at Rs 144.5 a share as on Dec. 23, 2009 as against Rs 42.45 as on Dec. 31, 2008.
Rural Electrification Corporation (RECL)
RECL, a public sector enterprise, is engaged in financing and promoting transmission, distribution and generation projects across the country. Stock price of the company zoomed 229.65% to stand at Rs 240.65 a share as on Dec. 23, 2009 as against Rs 73 as on Dec. 31, 2008.
Bharat Earth Movers (BEML)
BEML is a premier ISO 9001-2000 company in India and the second largest manufacturer of earth moving equipment in Asia. BEML has vital applications in diverse sectors of economy such as coal, mining, steel, cement, power, irrigation, construction, road building and railway. Stock price of the company jumped 212.24% to stand at Rs 1050.25 a share as on Dec. 23, 2009 as against Rs 336.35 as on Dec. 31, 2008.
Engineers India (EIL)
EIL was established in 1965 by Govt. of India, its core area of work is to provide engineering and related technical services for petroleum refineries and other industrial projects. Stock price of the company zoomed 209.31% to stand at Rs 1510.25 a share as on Dec. 23, 2009 as against Rs 488.25 as on Dec. 31, 2008.
Steel Authority of India (SAIL)
SAIL is a giant among the steel majors in India, it is one of the largest steel conglomerates in the country. The government of India owns about 86% of SAIL`s equity and retains voting control of the company. Stock price of the company zoomed 204.84% to stand at Rs 236.1 a share as on Dec. 23, 2009 as against Rs 77.45 as on Dec. 31, 2008.
via IRIS