PSU stocks grab limelight on reports of govt reducing stake below 51% in state-owned cos; BHEL jumps over 22%
5 years, 5 months ago

PSU stocks grab limelight on reports of govt reducing stake below 51% in state-owned cos; BHEL jumps over 22%

Firstpost  

New Delhi: PSU stocks were in huge demand on Friday and zoomed up to 22 percent, led by BHEL, in-tandem with a bullish broader market trend. On the BSE, shares of BHEL jumped 22.22 percent, Hindustan Copper climbed 19.66 percent, MMTC 17.36 percent, Shipping Corporation of India 9.31 percent and National Aluminium Company 8.42 percent. Also, SAIL advanced 7.90 percent, NBCC 7.58 percent, NMDC 6.56 percent, Rashtriya Chemicals and Fertilizers 6.04 percent, SJVN 5.57 percent and Oil India 5.53 percent. “BHEL closed up by 22.2 percent today as news emerged that government is looking to reduce its stake from 63.2 percent to 26 percent in the company.

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History of this topic

PSU stock Bharat Dynamics share price gains 3% on ₹4,362 crore order win from Ministry of Defence
2 days, 12 hours ago

PSU stock Bharat Dynamics share price gains 3% on ₹4,362 crore order win from Ministry of Defence

Live Mint  

Bharat Dynamics share price increased by 3% on Wednesday following the Miniratna defense PSU securing a contract valued at ₹4,362.23 crore for supplying armaments to the Indian Armed Forces from the Ministry of Defence. “We wish to inform that today BDL has signed a contract worth ₹4,362.23 Crore with Ministry of Defence for supply of armaments to Indian Armed forces,” …

PSU stocks in focus: IRFC to lend ₹5,000 crore to NTPC Renewable Energy; shares edge higher
Trending News
2 days, 15 hours ago

PSU stocks in focus: IRFC to lend ₹5,000 crore to NTPC Renewable Energy; shares edge higher

Live Mint  

Stock Market Today: Public sector undertaking stock Indian Railway Finance Corporation hogged the limelight on Wednesday, after it said it would lend ₹5,000 crore to NTPC Renewable Energy. IRFC-NTPC Green loan agreement details IRFC in an exchange filing on March 25, after market closing hours, said that it has entered into a loan agreement with NTPC Renewable Energy, a wholly …

Stock market today: BPCL, IOC to IRFC — these 5 PSU stocks hit 52-week low
3 weeks, 4 days ago

Stock market today: BPCL, IOC to IRFC — these 5 PSU stocks hit 52-week low

Live Mint  

Stock market today: Shares of public sector undertakings such as Bharat Petroleum Corporation Ltd, Indian Oil Corporation Ltd, Central Bank of India, Bank of Maharashtra, and Indian Railway Finance Corporation Ltd touched their 52-week lows during Monday's trading session against the backdrop of the frontline indices of the Indian stock market enduring a sell-off. According to Rajesh Bhosale, Equity Technical …

Indus Towers shares in focus on Monday after THIS Crisil ratings update; Stock down 6% in 30 days. Should you buy?
1 month ago

Indus Towers shares in focus on Monday after THIS Crisil ratings update; Stock down 6% in 30 days. Should you buy?

Live Mint  

Bharti Airtel-owned Indus Towers Limited on Saturday, February 22, announced that the rating firm Crisil Ratings had upgraded its ratings for the long-term bank loan facilities and ₹1,750 crore bond rating to “Positive” from its earlier level of “Stable,” according to the exchange filing. “This is to inform that on February 21, 2025, CRISIL Ratings has revised the outlook on …

PSU stock bags ₹1,220 crore order from Ministry of Defence, gains 3%
1 month, 1 week ago

PSU stock bags ₹1,220 crore order from Ministry of Defence, gains 3%

Live Mint  

Stock market today: Public sector undertaking ) defence company Bharat Electronics bagged a ₹1,220 crore order from the Ministry of Defence on Thursday, February 20, following which the stock edged higher. The Ministry of Defence inked a contract worth ₹1220.12 crore with Bharat Electronics for the procurement of 149 Software Defined Radios for the Indian Coast Guard. Bharat Electronics bags …

Govt weighs ‘strategic’ PSU tag for BHEL
2 months, 1 week ago

Govt weighs ‘strategic’ PSU tag for BHEL

Live Mint  

NEW DELHI : State-run Bharat Heavy Electricals Ltd may no longer be a potential divestment target as the government considers categorizing the maker of rail coaches to power generation equipment as a “strategic" public sector unit, according to two people close to the development. “Now that a parliamentary committee has also recommended the tag of strategic PSU for the company, …

Indian shares on track to rise at the open
2 months, 2 weeks ago

Indian shares on track to rise at the open

Live Mint  

Jan 14 - India's benchmark indexes are likely to open higher on Tuesday after closing at seven-month lows in the previous session, while IT company HCLTech will be in focus after reporting a smaller-than-expected quarterly revenue. The benchmarks Nifty 50 and BSE Sensex lost about 1.4% each in the previous session and closed at seven-month lows after an unexpectedly strong …

Indian shares fall as earnings worries overpower IT gains
2 months, 2 weeks ago

Indian shares fall as earnings worries overpower IT gains

Live Mint  

By Bharath Rajeswaran -Indian bluechip indexes fell on Friday as worries about corporate earnings weighed on sentiment, with IT stocks the sole exception after comments from sector-leader TCS indicated early signs of a demand revival. Both Nifty and Sensex have lost about 2.7% this week due to sustained foreign outflows amid fears of a slowdown in corporate earnings as well …

Indian shares rise, led by financials
3 months ago

Indian shares rise, led by financials

Live Mint  

By Bharath Rajeswaran -Indian shares rose on Thursday, led by financials, with analysts attributing the rise to cheaper valuations in the sector amid a lack of major triggers and thin trading as the year-end approaches. "The Nifty is consolidating within a narrow range of 23,900 to 23,500 levels this week, reflecting indecision among market participants," said Mandar Bhojane, research analyst …

ICICI Securities, Motilal Oswal, JM Financial: Top stock picks for 2025
3 months ago

ICICI Securities, Motilal Oswal, JM Financial: Top stock picks for 2025

Live Mint  

The calendar year is coming to an end with Nifty 50 seeing a correction in the final quarter after surging as much as 20.58% in the first nine months. One year Stock Price Momentum of Ashok Leyland View Full Image Source: Trading View However, ICICI Securities sees a strong risk-reward opportunity at the current price level of ₹219. #5 Zydus …

2024 Review: BSE PSU index soars 23%, extends gains to 4th year. Which stocks led the rally?
3 months ago

2024 Review: BSE PSU index soars 23%, extends gains to 4th year. Which stocks led the rally?

Live Mint  

Indian PSU stocks extended their winning streak to the fourth consecutive year in 2024, as the demand for state-owned stocks remains robust, driven by strong financial performance, policy continuity, political stability, strong order flows, and investor confidence. Nevertheless, the strong first half has supported the BSE PSU index, allowing it to end the year with strong returns. BSE PSU Stocks: …

Stock market today: Sensex, Nifty 50 gain for fifth session in a row. What drives the Indian stock market? What to buy?
3 months, 3 weeks ago

Stock market today: Sensex, Nifty 50 gain for fifth session in a row. What drives the Indian stock market? What to buy?

Live Mint  

Stock market today: Extending their winning streak into the fifth consecutive session, Indian stock market benchmarks—the Sensex and the Nifty 50—ended higher by a per cent each on Thursday, December 5. Both key indices, the Sensex and Nifty 50, surged over 1 per cent during afternoon trade, with the Sensex climbing 1,850 points from its intraday low. Sectoral indices today …

IRFC, BHEL to PFC: PSU stocks surge up to 6% after revision in capital restructuring norms; what should you do?
4 months, 1 week ago

IRFC, BHEL to PFC: PSU stocks surge up to 6% after revision in capital restructuring norms; what should you do?

Live Mint  

PSU stocks: Several PSU stocks, including Indian Railway Finance Corporation, Bharat Heavy Electricals and Power Finance Corporation, witnessed healthy gains, jumping up to 6 per cent in morning trade on BSE on Tuesday, November 19, after the Union Finance Ministry revised norms for dividend payments, share buybacks and stock splits at state-run companies to improve capital management and bolster performance …

Stocks to Buy: HAL, Coal India, Indigo among 14 buy-on-dips ideas by Jefferies
4 months, 2 weeks ago

Stocks to Buy: HAL, Coal India, Indigo among 14 buy-on-dips ideas by Jefferies

Live Mint  

Stocks to Buy: A steep correction is underway in the markets and as per Jefferies India, more than a fifth of the stocks under its coverage are trading below the June election results lows while around 30% are down more than 20% from year-to-date peaks. These include Hindustan Aeronautics Ltd, Coal India Ltd, InterGlobe Aviation Ltd, Godrej Consumer Products Ltd, …

Bharat Electronics Share Price Today on 13-11-2024: Bharat Electronics share price are down by -3.03%, Nifty down by -1.36%
4 months, 2 weeks ago

Bharat Electronics Share Price Today on 13-11-2024: Bharat Electronics share price are down by -3.03%, Nifty down by -1.36%

Live Mint  

Bharat Electronics Share Price Today on 13-11-2024: At 13 Nov 16:00 today, Bharat Electronics shares are trading at price ₹281.45, -3.03% down from the previous closing price. On the technical front, the stock is trading above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock will have support at 300 days SMA & face resistance at …

IT leads rise in Indian shares
7 months, 1 week ago

IT leads rise in Indian shares

Hindustan Times  

By Bharath Rajeswaran and Kashish Tandon IT leads rise in Indian shares BENGALURU -Indian shares tracked Asian peers higher on Tuesday, led by information technology stocks, on hopes the U.S. Federal Reserve will start cutting rates from September. Expectation of a sharp U.S. rate cut in September and data showing that U.S. economy will most likely avoid a recession are …

Defence stocks plummet as market crashes: These performed worst today
9 months, 3 weeks ago

Defence stocks plummet as market crashes: These performed worst today

Hindustan Times  

Shares of defence-related companies fell as much as 15 percent when the Lok Sabha election results were declared, as investors rushed to take profits following a recent bull run. The BSE Sensex and the NSE Nifty tanked as the 2024 Lok Sabha election results were declared Shares of Bharat Electronics Ltd plunged over 19.36% and Hindustan Aeronautics fell over 14.29%. …

These 3 stocks rose the most this election season: Should you buy? What brokerages say?
9 months, 4 weeks ago

These 3 stocks rose the most this election season: Should you buy? What brokerages say?

Hindustan Times  

Hindustan Zinc Ltd, Hindustan Aeronautics Ltd and State Bank of India are among stocks that beat some of the most-valued stocks on Dalal Street in the ongoing Lok Sabha elections, Business Today reported. The Bombay Stock Exchange HZL rallied 76 per cent since April 19, adding roughly Rs.1.3 lakh crore to its market cap, as per data compiled from corporate …

PSU stocks crash today: PFC, REC, IREDA, PNB, others decline up to 13%. Here's why
10 months, 3 weeks ago

PSU stocks crash today: PFC, REC, IREDA, PNB, others decline up to 13%. Here's why

Hindustan Times  

Shares of PSU stocks crashed today with some of them declining by as much as 13% after the Reserve Bank of India proposed stricter regulations on projects under implementation. PSU stocks crash today: The stock market index on a display screen at the Bombay Stock Exchange building in Mumbai. PSU stocks performance today Shares of power financing companies such as …

BHEL share price today jumps nearly 9% to hit a 52-week high. Here's why
10 months, 3 weeks ago

BHEL share price today jumps nearly 9% to hit a 52-week high. Here's why

Hindustan Times  

BHEL share price: Shares of Bharat Heavy Electricals rose as much as 9 per cent to hit their fresh 52-week high today. It then jumped 8.7 per cent to hit its fresh 52-week high of ₹318.15 and traded 6.80 per cent higher at ₹312.55 apiece at around 10.15am. BHEL share price has gained since April 30 when the company announced …

Bharat Electronics stock jumps 4% to all-time high on ₹3,915 crore order win
1 year, 3 months ago

Bharat Electronics stock jumps 4% to all-time high on ₹3,915 crore order win

Live Mint  

Shares of Bharat Electronics zoomed 3.6% in early trade on Thursday to hit a new all-time high of ₹161.80 apiece after the company received new orders worth ₹3,915 crore. In an exchange filing on Wednesday, the company said that it received orders worth ₹3,915 crore, which include a ₹580 crore order from the Indian Army for AMC of Radars, and …

BHEL stock gains nearly 4% after Ministry of Defence signs naval contract worth ₹2,956 crore
1 year, 3 months ago

BHEL stock gains nearly 4% after Ministry of Defence signs naval contract worth ₹2,956 crore

Live Mint  

Shares of Bharat Heavy Electricals, a leading engineering and manufacturing company in the energy and infrastructure sectors, gained sharply in Wednesday's trade on multiple positive developments. The Ministry of Defence on Tuesday signed a contract with the company for the procurement of 16 upgraded Super Rapid Gun Mount along with associated equipment and accessories for the Indian Navy under the …

Stock Market Opening Bell: Sensex, Nifty Up Marginally, Bharat Petroleum Shares Jump Over 3%
1 year, 4 months ago

Stock Market Opening Bell: Sensex, Nifty Up Marginally, Bharat Petroleum Shares Jump Over 3%

ABP News  

The two key equity benchmarks, Sensex and Nifty, on Wednesday opened nearly flat. Among specific stocks on the Nifty, Bharat Petroleum Corporation Ltd shares gained 3.26 per cent, followed by Cipla, up by 2.01 per cent. #ABPStockMarketWatch | Sensex and Nifty were trading up marginally on Wednesday morning after seeing a tepid opening in the market At 10:06 AM, #Sensex …

Why BHEL shares gained 7% today— Explained
1 year, 4 months ago

Why BHEL shares gained 7% today— Explained

Live Mint  

BHEL Share Price Today: Shares of Bharat Heavy Electricals gained seven per cent on Monday, November 13, after the company announced its July-September quarter results for fiscal 2023-24 last week, reporting a net loss of ₹238 crore, compared to a net profit of ₹12.10 crore in the corresponding period last year. The state-owned engineering firm's revenue from operations in the …

Is there any shine in BHEL outlook?
2 years, 4 months ago

Is there any shine in BHEL outlook?

Live Mint  

Investors in state-run Bharat Heavy Electricals Ltd had to digest yet another poor quarterly earnings report. Amid the gloom, the much-awaited Talcher thermal power plant order awarded by NTPC Ltd offered some comfort as it gave BHEL’s order inflow a boost in Q2. The analysts also said that the 2X660 MW Talcher order win should start reflecting in revenues in …

Stock Market Update: Sensex Falls 900 pts, Nifty At Lowest Levels Since July '21
2 years, 9 months ago

Stock Market Update: Sensex Falls 900 pts, Nifty At Lowest Levels Since July '21

News 18  

Indian equity markets wiped off the day’s gains to turn negative on Thursday as US futures slipped into the red after the US Fed delivered a 75 bps rate hike overnight. Top Gainer & Losers Among the Sensex-30 shares, Reliance, Bajaj twins, ICICI Bank, IndusInd Bank, Maruti, SBI, Titan and Axis Bank led gains, rising up to 2 per cent. …

Centre Likely to Sell Stakes in BHEL and Two Others
4 years, 1 month ago

Centre Likely to Sell Stakes in BHEL and Two Others

News 18  

The central government is likely to consider Bharat Heavy Electricals Ltd, Mecon Ltd and Andrew Yule and Co. Ltd for the next round of disinvestment. The main agenda behind the stake sales in the three companies is to raise funds via asset sales for the next fiscal and overcome the tepid progress made so far this year. Reports on the …

Markets extend gains: Sensex up 371 points, Nifty closes near 9,400-mark; IndusInd Bank jumps 17%
4 years, 11 months ago

Markets extend gains: Sensex up 371 points, Nifty closes near 9,400-mark; IndusInd Bank jumps 17%

Firstpost  

The stock markets continued their strong trend amidst positive global cues as governments across the world started easing economic lockdown. Extending its gains for the second session, equity benchmark Sensex jumped 371 points on Tuesday driven by aggressive buying in financial stocks amid hopes of another stimulus package by the government. #MarketAtClose | Financials lead market higher, Sensex & Nifty …

Sensex rises 234 points; Yes Bank soars 11 percent
5 years, 8 months ago

Sensex rises 234 points; Yes Bank soars 11 percent

India TV News  

Market benchmark BSE Sensex rose by 234 points to close at 39,131.04 on Tuesday, extending gains for the second straight day as Reliance Industries, Yes Bank, Larsen & Toubro and Infosys advanced. Yes Bank was the biggest gainer in the Sensex pack, rallying 11.48 per cent amid reports that private equity firms have shown interest in buying a major stake …

Sensex ends 68 points lower as Indo-Pak tensions escalate
6 years, 1 month ago

Sensex ends 68 points lower as Indo-Pak tensions escalate

Hindustan Times  

The Sensex and the Nifty finished in the red after rising during the early trading on Wednesday. The SP BSE Sensex ended the day 68.28 points lower at 35,905.43, while the Nifty 50 settled at 10,806.65, down 28.65 points. Sensex ends 68 points lower as Indo-Pak tensions escalate The Sensex fell over 600 points at around 11 a.m. from its …

Oil India to buy back 4.45% shares for Rs 1,085 crore; govt eyes minimum Rs 5,000 crore via PSUs’ stock repurchase offers
6 years, 4 months ago

Oil India to buy back 4.45% shares for Rs 1,085 crore; govt eyes minimum Rs 5,000 crore via PSUs’ stock repurchase offers

Firstpost  

The government is targeting a minimum Rs 5,000 crore through share buyback offers of state-owned firms like Coal India and BHEL. New Delhi: State-owned Oil India Ltd will buy back 5.04 crore of its shares for a little over Rs 1,085 crore as part of the government’s push to cash-rich PSUs to part with their surplus either by paying higher …

Share market roundup: Sensex, Nifty fall as investors turn focus on upcoming assembly polls
6 years, 4 months ago

Share market roundup: Sensex, Nifty fall as investors turn focus on upcoming assembly polls

ABP News  

Share market roundup: Investors deferred equity purchases on Friday, shrugging off a rebound in the rupee and a decline in global crude oil prices, as they turned their focus on key assembly elections for cues. India imports nearly 80 per cent of its crude oil requirements, and a rise in prices threatens to widen the current account deficit, fanning inflation …

Sensex sparkles in Samvat 2072, gains 8.5%; more fireworks in store, say analysts
8 years, 4 months ago

Sensex sparkles in Samvat 2072, gains 8.5%; more fireworks in store, say analysts

Firstpost  

The rebound in equity markets comes after a disappointing performance in 2015, when the Sensex ended Samvat 2071 with a negative return on 3.9 percent after weak monsoon, lack of reforms and persisting dismal corporate earnings show weighed on sentiment The usual pre-Diwali fireworks was missing on the Dalal Street this year, but stock market traders can easily take heart …

Amid weak China, Sensex tumbles over 300 pts early Mon; PSU bank shares buck trend
9 years, 7 months ago

Amid weak China, Sensex tumbles over 300 pts early Mon; PSU bank shares buck trend

Firstpost  

Tracking the steep fall in Chinese equity markets, key domestic share indices took a major plunge in early Monday trade with Sensex tumbling more than 300 points as investors cut their position in oil&gas, capital goods and realty shares. Major Chinese stock indices such as Hang Seng fell nearly 1 percent to 23,754.99 while Shanghai Composite index eased 0.1 percent …

Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr
9 years, 9 months ago

Govt plans selling 3% stake in BPCL to raise Rs 1,800 cr

Firstpost  

The finance ministry has moved a cabinet note for inter-ministerial consultations for selling 2.16 crore shares in BPCL through a public offer, official sources said. New Delhi: The government plans to sell three percent stake in Bharat Petroleum Corp Ltd, the nation’s second largest state oil firm, this fiscal to raise around Rs 1,800 crore. When contacted, BPCL chairman and …

Modi government plans selling 3% stake in BPCL to raise Rs 1,800 crore | IndiaTV News
9 years, 9 months ago

Modi government plans selling 3% stake in BPCL to raise Rs 1,800 crore | IndiaTV News

India TV News  

New Delhi: The government plans to sell 3% stake in Bharat Petroleum Corp Ltd, the nation's second largest state oil firm, this fiscal to raise around Rs 1,800 crore. Finance Ministry has moved a Cabinet note for inter-ministerial consultations for selling 2.16 crore shares in BPCL through a public offer, official sources said. At current trading price of Rs 820, …

BHEL Disinvestment Likely in April; May Fetch Rs 3,200 cr
10 years ago

BHEL Disinvestment Likely in April; May Fetch Rs 3,200 cr

The Quint  

The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL in April, in a bid to meet the Rs 41,000 crore stake sale target for 2015-16. Official sources said the Disinvestment Department has completed overseas roadshows for BHEL stake sale in London, Singapore and Hong Kong. At the current market price of Rs …

Record high: Sensex gains over 500 points, Nifty hits 8700
10 years, 2 months ago

Record high: Sensex gains over 500 points, Nifty hits 8700

Firstpost  

Indian equity markets rose to a record high on Tuesday as metals stocks advanced after China’s economic growth data came in slightly better than expected, while blue chips were underpinned by widespread confidence about the domestic economy. While the BSE Sensex provisionally ended up 502.72 points with 21 components in the green at 28784.67, the NSE Nifty closed 144 points …

Sensex at record closing high as RBI cuts SLR
10 years, 9 months ago

Sensex at record closing high as RBI cuts SLR

India TV News  

Mumbai: The BSE benchmark Sensex today jumped by nearly 174 points to end the day at all-time closing high of 24,858.59 as sentiment remained positive after the RBI pleased markets by unlocking about Rs 40,000 crore of banking funds by cutting the statutory liquidity ratio. Brokers said eight core sector industries posting a 4.2 per cent growth in April also …

Sensex, Nifty rise to fresh closing peak; BHEL zooms 17%
10 years, 10 months ago

Sensex, Nifty rise to fresh closing peak; BHEL zooms 17%

India TV News  

Mumbai: Equity benchmarks Sensex and Nifty ended at new peaks for the third session in a row today boosted by gains in power and capital goods shares amid continued optimism over incoming Narendra Modi-led government. The 30-scrip S&P BSE Sensex attained its new closing peak of 24,363.05, up over 241 points.The NSE's 50-issue CNX Nifty also spurted 60.55 points, or …

IOC, BHEL stake sale to fetch over Rs.7,300 crore this fiscal
11 years, 1 month ago

IOC, BHEL stake sale to fetch over Rs.7,300 crore this fiscal

The Hindu  

The government, on Friday, cleared disinvestment in two blue-chip state-owned companies Indian Oil Corporation and Bharat Heavy Electricals Limited, which would fetch over Rs.7,300 crore to the exchequer in the current fiscal. The government will be selling 10 per cent stake in IOC to state-run ONGC and Oil India Ltd at a discount of 10 per cent, which would fetch …

FinMin proposes BHEL stake sale through block deal
11 years, 1 month ago

FinMin proposes BHEL stake sale through block deal

The Hindu  

Facing opposition from the Heavy Industries Department to disinvestment in BHEL, the Finance Ministry is considering 5 per cent stake sale in the power plant equipment maker to financial institutions through block deal route. At the current market price of Rs 172.85 apiece, the 5 per cent stake sale would fetch about Rs 2,100 crore to the exchequer. Last week, …

Fewer PSU shares in key indices compared to private peers
12 years, 1 month ago

Fewer PSU shares in key indices compared to private peers

The Hindu  

The number of PSU stocks in the country’s three stock indices - Sensex, Nifty and SX 40 - are few and far between, indicating a growing clout of private peers. “Private companies always far exceed state run companies when it comes to growth and profitability and this is being reflected in the composition of major benchmark indices of the country,” …

Sensex back in positive terrain; ends 21 pts higher
12 years, 6 months ago

Sensex back in positive terrain; ends 21 pts higher

India TV News  

Mumbai, Sept 25: The BSE benchmark Sensex today ended over 21 points higher on some buying in fundamentally strong stocks as investors remained hopeful of more reform measures by the government to boost the economy. The Sensex, which had lost 79 points in the previous session, recovered by 21.07 points, or 0.11 per cent, at 18,694.41.Of 30 Sensex stocks, 12 …

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