Psu Shares

RITES share price jumps 5% on securing deal worth ₹25-crore from NTPC

RITES share price gained after the company announced that it has secured an order worth ₹25.30 crore from NTPC.

DIIs pip FIIs in Indian stocks ownership, like BFSI: Motilal Oswal

DIIs - which include mutual funds, insurance companies, and pension funds -- poured $19.7 billion into Indian stocks last quarter, far ahead of the $5.4 billion invested by FIIs.

SBI to HAL: These PSUs merit long-term portfolio spot, says Motilal Oswal

SBI, BEL, HAL, Power Grid, and Coal India are among the top stock picks for Motilal Oswal

This PSU telecom equipment stock surges 30% in three days; here's why

Share price of ITI rallied 8 per cent to ₹ 365.95 on the BSE in Thursday's intra-day trade amid heavy volumes in otherwise subdued market

What's behind the 74 per cent rally in IFCI stock in 13 trading sessions?

IFCI stock hit five-month high as it jumped 11 per cent to ₹68 on the BSE on back of two-fold rise in average trading volumes on Wednesday. IFCI has seen a good surge in the last few trading sessions.

PSU defence stock up 4% on heavy volumes; nears record high. Do you own?

Bharat Electronics hit four-month high of ₹317.90, rallied 4 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes on a healthy business outlook.

Top dividend-yield PSU shares: Coal India, ONGC, BPCL, IOC, 11 others

Coal India leads the pack with a dividend yield of 8 per cent. Following it are ONGC, and BPCL, both offering a dividend yield of 6 per cent each

NTPC share price advances 3% on nuclear power expansion news; details here

The northward movement in the share price came following the news that the Maharatna company is looking to build 30 gigawatts of nuclear power capacity over the next two decades

PSU funds: Recovery may take a while; stay put if you've long horizon

Stocks in areas such as defence, capital goods, railways, and PSU banks had rallied significantly

PSU stocks rally; RITES, Indian Bank, Bharat Dynamic, RVNL surge up to 13%

At 10:20 AM, the BSE PSU index, the top gainer among sectoral indices, was up 3.5 per cent at 19,856, as compared to the 1.5 per cent rise in the BSE Sensex

Godawari Power and Ispat Q2 results: Net profit falls 38% to Rs 159 cr

Godawari Power and Ispat Ltd (GPIL) on Saturday reported about 38 per cent decline in consolidated net profit to Rs 159.39 crore in the September quarter of 2024-25. It had posted Rs 256.71 crore "net profit from ordinary activities" in the same period a year ago, the company said in an exchange filing. Total income fell to Rs 1,290.38 crore from Rs 1,314.21 crore in the July-September period of 2023-24. Expenses increased to Rs 1,073.93 crore from Rs 974.62 crore in the year-ago quarter.

ONGC shares climb 3%; Here's what is driving this Maharatna's stock?

BSE analytics reflect that ONGC shares have outperformed the benchmark S&P BSE Sensex with a rally of 59.76 per cent year-to-date, against the latter's 13.10 per cent

Nifty PSE off its all-time high; what's worrying the investors?

In the past two months, major PSE index constituents are experiencing profit booking. Here's how analysts view the space

Income tax rate cut, sops for PSUs: Brokerage expectations from budget 2024

Expectations (as measured by pre-budget equity market performance), wrote analysts at Morgan Stanley in a note, are important in determining what the market does immediately after the budget

Will Modi 3.0 spur rally in PSU stocks again? Selectively, say analysts

PSU stocks to buy: Analysts caution that premium valuation of PSU stocks may lead to limited upside from here

NLC India shares slip 5% on plans to raise $600 mn foreign currency loan

NLC India's board of directors are set to meet on June 10, 2024 to consider and approve foreign currency loan through external commercial borrowings (ECB) up to $600 Million

PSU shares slump up to 8% as investors book profit, track LS poll results

Shares of state owned companies fell on the BSE in Tuesday's early trades. The BSE CPSE index was down by 8.3 per cent at 4,025 levels.

Nifty PSU Bank index zooms 9%; SBI, Central Bank, BOB rally up to 12%

India's banking system continues to ride the good economic growth momentum, well supported by recent structural improvements in the system.

Nifty Fin Svcs, PSU Bank may turn bullish soon, say charts; check levels

The Nifty PSU Bank Index is currently trading at 7,456.75. The near-term trend is bullish on the charts; however, the index is approaching a significant resistance zone between 7,500 and 7,590

Bank of Maharashtra tops among PSU lenders in business growth in FY24

State-owned Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders at a time when most banks are facing difficulty in achieving double-digit growth. The Pune-headquartered lender has registered a 15.94 per cent rise in the total business (domestic) in FY24, followed by the country's largest lender State Bank of India (SBI) with 13.12 per cent growth, according to published financial numbers of the public sector banks (PSBs). However, SBI's total business (deposit and advances) was about 16.7 times higher at Rs 79,52,784 crore compared to Rs 4,74,411 crore of Bank of Maharashtra (BoM) in absolute terms. Similarly, BoM continued to maintain its top spot in terms of growth in deposit mobilisation, with a 15.66 per cent rise in FY24. It was followed by SBI (11.07 per cent), Bank of India (11.05 per cent) and Canara Bank (10.98 per cent). Out of 12 public sector banks, only these four lenders could