PSU Stocks: There is a good news for investors in the stock market. Foreign brokerage firm Jefferies has advised investing in shares of India’s three largest Public Sector Undertakings (PSUs). Jefferies believes that the shares of these companies can see a tremendous increase of 35 percent to 48 percent in the coming time. Among the three companies that the brokerage has bet on are Hindustan Aeronautics (HAL), ONGC and BPCL. Let us understand in detail what it is about these companies that makes them so special.

HAL, King of the Defense Sector

Jefferies has given a ‘buy’ rating on defense major Hindustan Aeronautics (HAL). The brokerage has set the stock’s target price at Rs. 6,800 has been fixed. If we take its current price of Rs. There is ample scope for an increase of about 48 percent compared to 4,604. The biggest reason behind this confidence is the delivery of Tejas (Tejas Mk1A).

HAL CMD Ravi Kota has made it clear that the company is fully prepared for the delivery of the Tejas. The Tejas Mk1 trainer contract has been completed on 18 September 2026. Jefferies hopes the company can deliver 10 aircraft this year, compared with just 5 earlier estimates. Let us tell you that HAL’s Rs. Tejas alone accounts for about 43 percent of the massive order book of Rs 2.55 lakh crore.

ONGC dominates the energy market

State-owned oil and gas company ONGC is also on Jeffrey’s list of favourites. The brokerage has a buy recommendation and a target of Rs. 310 has been kept. Currently this share is Rs. is around 222, which simply means that investors can get around 40 percent profit.

Jefferies has said in his report that there are obstacles in the Strait of Hormuz, due to which the cost of tankers is increasing. In the last seven days alone, there has been a decline of about 10 percent in the movement of commercial vessels. Apart from this, physical and paper crude prices have also seen a huge difference of around $16 per barrel. The price of physical crude in the market is said to be $119 per barrel. At the same time, freight costs also increased by 7 percent in a week. ONGC is expected to directly benefit from all these global conditions.

BPCL is supported by refining margins

The third largest company on the list is BPCL, which Jefferies has asked to bet on. The current price of the company is Rs 302, but the brokerage has set a best price target of Rs 410 for it. On this account, the stock can increase by about 36 percent.

According to the report, refining margins are currently at a very high level. Attacks on Russian refineries have caused problems in global supply chains, tightening distillate supplies. However, oil marketing companies (OMCs) charge around Rs.1 per liter on petrol. 11 and on diesel Rs. 16 per liter may incur a loss. Relievingly, the deficit is lower than the estimate for the first quarter of fiscal year 2027 (Q1 FY27). Along with this, petrochemical margins have also improved, which is a positive sign for BPCL.