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Psu Shares

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

PSU stocks rally; RITES, Indian Bank, Bharat Dynamic, RVNL surge up to 13%
Updated On : 25 Nov 2024 | 10:16 PM IST

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.

Godawari Power and Ispat Q2 results: Net profit falls 38% to Rs 159 cr
Updated On : 26 Oct 2024 | 9:42 PM IST

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

ONGC shares climb 3%; Here's what is driving this Maharatna's stock?
Updated On : 26 Aug 2024 | 2:16 PM IST

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

Nifty PSE off its all-time high; what's worrying the investors?
Updated On : 22 Aug 2024 | 1:14 PM IST

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

Income tax rate cut, sops for PSUs: Brokerage expectations from budget 2024
Updated On : 19 Jul 2024 | 1:49 PM IST

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

Will Modi 3.0 spur rally in PSU stocks again? Selectively, say analysts
Updated On : 13 Jun 2024 | 9:54 PM IST

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

NLC India shares slip 5% on plans to raise $600 mn foreign currency loan
Updated On : 05 Jun 2024 | 11:41 AM IST

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.

PSU shares slump up to 8% as investors book profit, track LS poll results
Updated On : 04 Jun 2024 | 9:54 AM IST

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 PSU Bank index zooms 9%; SBI, Central Bank, BOB rally up to 12%
Updated On : 03 Jun 2024 | 1:40 PM IST

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

Nifty Fin Svcs, PSU Bank may turn bullish soon, say charts; check levels
Updated On : 28 May 2024 | 6:33 AM IST

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

Bank of Maharashtra tops among PSU lenders in business growth in FY24
Updated On : 19 May 2024 | 1:52 PM IST

New 10-year government bond dethrones old 10-year bond as benchmark

Since the maiden issuance of the bond on April 8, the bond has seen a total issuance of Rs 60,000 crore across three auctions

New 10-year government bond dethrones old 10-year bond as benchmark
Updated On : 17 May 2024 | 8:05 PM IST

Nifty PSU Bank index snaps two day losing run; rises 2.5% on May 08

The banking sector stocks fell as the Reserve Bank of India (RBI) proposed to tighten the project financing norms, which require lenders to set aside higher capital for doling out loans to under-const

Nifty PSU Bank index snaps two day losing run; rises 2.5% on May 08
Updated On : 08 May 2024 | 3:19 PM IST

Froth remains in select PSU stocks; Q4, a test for sustainable financials

Among PSUs, Railway stocks such as Rites, IRFC and IRCTC dipped by 21.3 per cent, 8.1 per cent and over 2 per cent respectively in March, Ace Equity data shows

Froth remains in select PSU stocks; Q4, a test for sustainable financials
Updated On : 21 Mar 2024 | 12:37 AM IST

PSU shares gauge sees worst day since pandemic amid stock market crash

Analysts said the PSU space had gotten overheated after relentless gains over the past year and was ripe for a course correction

PSU shares gauge sees worst day since pandemic amid stock market crash
Updated On : 14 Mar 2024 | 12:26 AM IST

CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12%

Despite today's decline, in the past six months, the CPSE index has outperformed the market by surging 47 per cent, as compared to 8 per cent rise in the BSE Sensex

CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12%
Updated On : 13 Mar 2024 | 12:55 PM IST

From downturn to dominance: PSUs reclaim 17.3% India's market glory

An analysis by Elara Capital indicates that the PSU sector performs well during election years

From downturn to dominance: PSUs reclaim 17.3% India's market glory
Updated On : 10 Mar 2024 | 10:39 PM IST

Optimal time to book profits in PSU funds: Will the rally continue?

High valuations, limited earnings upgrade prospects warrant caution

Optimal time to book profits in PSU funds: Will the rally continue?
Updated On : 23 Feb 2024 | 10:43 PM IST

Street Signs: A case for PSU share sales, Nova Agri GMP at 50%, and more

The promoter shareholding in Jio Financial Services, a unit spun off from Reliance Industries, has edged higher for a second straight quarter

Street Signs: A case for PSU share sales, Nova Agri GMP at 50%, and more
Updated On : 21 Jan 2024 | 10:35 PM IST

PSU stocks zoom past private sector peers on the bourses, shows data

Among the key reasons for the rally in PSUs are undervaluation and hopes of privatisation

PSU stocks zoom past private sector peers on the bourses, shows data
Updated On : 11 Jan 2024 | 11:15 PM IST