CPSE stocks on a roll; BEML Land, NBCC, Engineers India rally up to 20%

The shares of Central Public Sector Enterprises (CPSEs) were on a roll on Friday as they rallied up to 20 per cent on the BSE in the intraday trade, a day after the government increased capex outlay by 11.1 per cent to Rs 11.1 trillion for FY25 (3.4 per cent of GDP) as compared to Rs 10 trillion in FY24.

According to SBI Capital Markets (SBICAPS), the enhanced profitability of public sector banks (PSBs) and CPSE is anticipated to contribute to improved dividend payouts, potentially surpassing FY25 Budget Estimates (BE) projections. The brokerage firm said its calculations suggest that the