Shares of public sector undertaking (PSU) companies made major moves on exchanges, ralling by up to 25 per cent on the BSE, on Friday on the back of heavy volumes.
Shares of Bharat Heavy Electricals (BHEL), Hindustan Copper, MMTC and The New India Assurance Company surged more than 11 per cent, while MOIL, NBCC (India), NLC India, General Insurance Corporation of India (GIC Re), National Aluminium Company, Steel Authority of India (SAIL), IFCI and Shipping Corporation of India (SCI) jumped in the range of 5-10 per cent on the BSE.
Furthermore, Bharat Electronics (up 7 per cent at Rs 121) and India