Kolkata: Stock which have the possibility of generating high returns but are available at a relatively cheap price is the topic of eternal quest by investors. Here are three PSU stocks that are trading below the industry average P/E ratio. The signal is clear: investors can hope to acquire them relatively cheaply. Let’s take a closer look at these stocks.

Hindustan Aeronautics Limited (HAL)

HAL was set up in 1940. It is one of the leading aerospace and defense equipment manufacturers. This company has 20 production facilities and 11 R&D units. The stock has a market cap of about Rs 3,25,754 crore. Around 12 noon it was trading at Rs 4,844.10, down Rs 26.30 (or 0.54%). The stock has generated returns of 309% in three years and 1078% in five years. HAL clocked a revenue of Rs 4,819 crore

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