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High Cash reserve Company: It is believed that the more cash reserves the companies have, the stronger are their growth prospects and financial condition. In this matter, three government companies are at the forefront in the PSU sector. These companies have huge cash reserves and zero loan.
New Delhi. Those who invest money in the stock market always look for such stocks, which belong to strong and growing companies. Not only do retail investors want to buy the stocks of these companies, big mutual funds and foreign investors also keep an eye on them. Investors have always had high trust in government companies. If you are also looking for stocks of such government companies whose fundamentals are very strong, then three companies will be found at the forefront of this race.
The energy sector has performed strongly among companies with the strongest fundamentals. Three Maharatna companies of the country, ONGC, GAIL and Coal India, have created history by expanding their business. These Maharatna companies have cash reserves worth thousands of crores, strong infrastructure and future plans, the way for investment is ready. This is the reason why investors’ confidence in these companies is also increasing.
How much cash do the three companies have?
These three energy companies also come under the category of Maharatna companies of the country. These three companies have cash reserves of about Rs 5.4 lakh crore, which provides strength to new projects and investment plans. The huge cash reserves of these companies are not only helpful in carrying forward their projects but also create attraction for investors. High cash reserves indicate the financial strength of the company.
Who is stronger among the three companies?
First of all, let us talk about Oil and Natural Gas Corporation i.e. ONGC. The country’s largest oil and natural gas producing company has about 73 percent of the country’s total crude oil production and about 56 percent of the natural gas production. The main work of this company is to find fuel, produce it by drilling and transport it to the right place. Its biggest business is the project of Bombay High KG Basin area. The share price of the company is currently around Rs 241, while the market capitalization is said to be more than Rs 3 lakh crore. The company has the largest cash reserve of Rs 3,61,488.64 crore.
Gayle is no less
GAIL India Natural Gas Company is one of the PSUs with the highest cash reserves, which looks after the work related to purchase, transportation and distribution of gas. This company has a pipeline network of more than 16,421 kilometers across the country. The stock price of the company is currently around Rs 169.98 and the market cap is around Rs 1,11,777 crore. The company has a total cash reserve of Rs 81,566.35 crore.
