PM Modi roared in Parliament, said- Today government companies are at their peak, know the reality of HAL-LIC?
During the budget session of Parliament, Prime Minister Narendra Modi made a sharp attack on Congress in the Rajya Sabha on Wednesday. During this, he cornered Congress regarding the allegations made against PSU. He said that there is talk about the condition of LIC, HAL and selling of Public Sector Undertaking (PSU), but these companies are growing tremendously today. According to PM Modi, the performance of government companies has improved and they have reached new heights. Let us know how much the situation of Hindustan Aeronautics Limited and LIC has improved in the last one year.
Market cap of PSU crosses Rs 17 lakh crore
While discussing the motion of thanks on President Draupadi Murmu’s address in the budget session of Parliament, Prime Minister Narendra Modi in the Rajya Sabha targeted the Congress with figures. Referring to the boom in government companies (PSUs), he said that Congress has only worked to spread confusion. Presenting the figures, PM Modi said that the total market capital of all the PSU companies doing business in the market has reached Rs 17 lakh crore, which is double as compared to 10 years ago. He said that in the year 2014 this value was around Rs 9.5 lakh crore.
He said that not only the total market capital of PSU companies but also their profits have increased significantly. Their net profit has also increased to Rs 2.5 lakh crore, which was Rs 1.25 lakh crore in 2014. Apart from this, there were a total of 234 PSUs in the year 2014, which has increased to 254 today.
LIC doubled its money in a year
Prime Minister Narendra Modi said that Congress has made all kinds of baseless talks about LIC-HAL, but the reality is in front today. In today’s time, LIC is in an excellent position. To understand this point of PM Modi, we can look at the performance of LI. During the last one year, the price of LIC Share has increased from Rs 439.65 to Rs 1049.90.
Apart from this, LIC has again become one of the most valuable companies of the country. Its market capital has also reached the level of Rs 6.60 lakh crore. Recently, the share of LIC had gained tremendous momentum and crossed its issue price and the trend of rising trend is going on. Not only this, today LIC is ahead of the country’s largest government bank SBI in terms of market capital. Has gone out. Let us tell you that the market value of SBI is Rs 6.30 lakh crore.
HAL gave 142% return in one year
Now talking about Hindustan Aeronautics Limited, the market value of HAL has also increased in the last one year. Its market capital is Rs 1.97 lakh crore. Whereas the stock has given excellent returns of more than 142 percent to its investors in a period of 12 months.
During this period, the price of HAL Share has increased from around Rs 1200 to Rs 2948. The company’s shares have increased from its 52-week low-level of Rs 1178.50 to Rs 3079. From this perspective, the situation of HL has also continuously improved.
