Rally of PSU shares made rich, stormy rise in everything from RITES to IREDA
PSU Share Price: 12 PSU stocks have increased between 4% to 13% in today's trading and out of these, RITES shares have seen a huge rise. RITES stock is trading with a rise of 18.19 percent today. RITES shares are trading at the level of 682.65.
The Kalamkar News, PSU Stocks' Rally: Amidst the ongoing fluctuations in the stock market, PSU stocks of government companies are increasing at a tremendous pace. Today, for the second consecutive day, these shares are witnessing a rise. BSE's PSU Index rose by 1.2 percent to reach 16,698 points. At the same time, it has seen a good recovery from the level of 15,838 in the last trading day.
In today's trading, 12 PSU stocks have increased between 4% to 13% and among these, RITES shares have seen a tremendous rise.
RITES stock is trading with a rise of 18.19 percent today. RITES shares are trading at the level of 682.65. The stock of this company has made a record level of 686.45 today.
There is a rise in these PSU stocks also
Apart from this, a rise of 8.40 percent was seen in the shares of NLC India during the day's trading. At the same time, Indian Bank stock is also trading with an increase of 4.99 percent. At the same time, this stock increased by 8.5 percent during trading.
IREDA shares at new record
IREDA shares, which recently entered the market, are also seeing good growth. The stock of this company is trading with a rise of 4.98 percent in today's trading. The share has made a new 52-week record of Rs 169.80 in the market today. The listing of IREDA shares in the Indian Stock Market took place on 29 November.
Apart from this, other stocks like NBCC (India), NMDC Steel, SJVN and Mishra Dhatu Nigam are also trading with gains of more than 5 percent.
Tremendous recovery in railway shares
After a huge fall amid profit-booking in Tuesday's trading session, shares of Railway PSU have made a strong recovery in today's trading. In today's trading, the shares of RailTel Corporation of India are trading with a rise of 14.49 percent.
Today RailTel share is trading at the level of Rs 455.00. Today, RailTel shares are trading at a record level of 52 weeks.
Apart from this, shares of IRCON International Limited are trading with a gain of 3.27 percent. With today's increase, the shares of this company are at the level of 249.15. Apart from this, shares of IRFC and RVNL are also seeing a rise of more than 4 percent.