Top three PSU stocks that are buzzing in the market today!

These three PSU stocks are top gainers today.

At 12:25 pm, the S&P BSE 500 index was trading green with a gain of 329.39 points or 0.53 per cent. The market opened flat today but PSU stocks witnessed heavy buying.   

Meanwhile, Rail Vikas Nigam Limited (up 9.66 per cent), Indian Railway Finance Corporation Limited (up 5.51 per cent), and Engineers India Limited (up 5.22 per cent) are the Top Gainers at BSE as of 12:26 pm.     

The market participants are showing lots of interest in PSU stocks. The reason behind the interest in PSU stocks can be earnings growth, stable economics for business and cheap valuations, etc. 

In the last one month, these 3 PSU stocks jumped by more than 50 per cent. Rail Vikas Nigam Limited zoomed 98.28 per cent, Indian Railway Finance Corporation Limited jumped more than 50.00 per cent and Engineers India Limited surged almost 25.00 per cent. Whereas, the S&P BSE PSU index has given 5.81 per cent returns in the last 1 month.    

Rail Vikas Nigam Limited is rallying since November 3, 2022, and jumped more than 100 per cent since then. Today, the stock opened at Rs 75.40 and made a high and low of Rs 80.30 and Rs 74.45 with a previous close of Rs 73.00, respectively on BSE.     

Indian Railway Finance Corporation Limited recently announced an interim dividend. Today the stock opened at Rs 32.00 and made a high and low of Rs 34.80 and 31.80, respectively with a previous close of Rs 31.75 on BSE.    

Engineers India Limited in the SEBI disclosure said that it has an order from Mangalore Refinery and Petrochemicals Limited for the Bio-ATF plant, which will contribute to India’s net zero carbon emission target. Today the stock opened at Rs 81.45 and made a high and low of Rs 86.45 and Rs 80.90, respectively with a previous close of Rs 80.40 on BSE.