PSU stocks in focus; Hindustan Copper, MMTC rally up to 20%

In past one month, the S&P BSE PSU index has rallied 17%, as compared to a 6% gain in the benchmark S&P BSE Sensex.

Shares of public sector undertaking (PSU) companies were in focus with the S&P BSE PSU index gaining 2 per cent on Monday, thus surging 17 per cent in the past one month on value buying. In comparison, the S&P BSE Sensex was up 6 per cent during the same period.

Hindustan Copper (HCL) soared 20 per cent to Rs 53.20 in intra-day today, on the back of heavy volumes. The trading volumes on the counter jumped over 10-fold with a combined 20.3 million equity shares changing hands on the NSE and BSE till 02:54 pm.

HCL is the only integrated copper producer