CPSE stocks rally; BHEL surges 25%, REC and Engineers India up over 10%

Rail Vikas Nigam, MSTC, and India Tourism Development Corporation were locked in 5 per cent upper circuit on the BSE.

Shares of Central Public Sector Enterprises (CPSE) were in focus on Wednesday with Bharat Heavy Electricals (BHEL), REC, Engineers India, Housing and Urban Development Corporation (HUDCO) and Power Finance Corporation (PFC) advancing over 10 per cent on the back of heavy volumes on the BSE.

BEML, Bharat Electronics (BEL), Moil, Balmer Lawrie & Company, NMDC, Steel Authority of India (SAIL), Shipping Corporation of India and National Fertilisers were up in the range of 6 per cent to 10 per cent, while Rail Vikas Nigam, MSTC, India Tourism Development Corporation (ITDC) were locked in 5 per cent upper circuit on