Of the 69 listed companies in which the Government of India owns a stake, shares of 10 have jumped two-fold or more in the financial year 2016-17. That compares with an 18 percent rise in the Indian benchmark Nifty 50 Index.
Shares of ITI Ltd., a telecom equipment maker, led the chart with 183 percent gains, followed by National Fertilizers Ltd. at 173 percent.
The two lenders on the list, Indian Bank Ltd. and Vijaya Bank Ltd., rose 110 percent and 153 percent, respectively. Two oil marketing companies and two metal companies rose between 100 and 120 percent.
Of the 69, the value of only three companies eroded.
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