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Select PSU shares rally; BEML, ITDC surge up to 13%

So far in 2017, ITDC zoomed 165%, while BEML surged 88% on BSE

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Last Updated : Aug 17 2017 | 12:54 PM IST

Shares of BEML and India Tourism Development Corporation (ITDC) have rallied by up to 13% in intra-day trade after the Cabinet on Wednesday decided to set up a high-powered committee of Union ministers, including Finance Minister Arun Jaitley, to expedite strategic disinvestment of public sector undertakings (PSUs).

According to PTI reports, the panel will decide on matters relating to terms and conditions of the sale from the stage of inviting of expressions of interest (Eols) till inviting of financial bid, the statement said. CLICK HERE TO READ FULL REPORT

BEML was trading 9% higher at Rs 1,864,

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