PSU Stock News

Putin's India visit: Russian President Vladimir Putin is visiting India for the 23rd India-Russia Annual Summit, focusing on enhancing trade and partnership

LIC has increased its stake in ACC Ltd to over 10% and in NBCC (India) to about 4.5%. The acquisitions were made through open market purchases. ACC's stock has seen a decline, while NBCC has risen significantly over the past year.

GAIL share price: After several months of delay, PNGRB has announced a 12% hike in tariffs for GAIL’s integrated natural gas pipeline (INGPL), with effect from January 2026. However, this hike is below expectations of 15% and well below the 33% hike that GAIL was seeking.

Shares of Gujarat Mineral Development Corporation surged 8.4% to ₹569.80 after the Union Cabinet approved a ₹7,280 crore incentive program for rare earth magnets. The initiative aims to enhance domestic production and reduce reliance on China, targeting 6,000 metric tons capacity annually.

State Bank of India (SBI) shares rose 1.6% to a record high of ₹999, nearing the ₹1,000 mark. SBI's market capitalisation reached ₹9.20 lakh crore, making it the sixth most-valuable company in India, driven by improved credit demand and positive Q2 performance.

RITES Ltd has seen stock declines of 11% in the past year, but analysts predict limited downside and a potential rebound. Axis Securities has named it 'Pick of the Week' with a target price of ₹271, citing a strong order book and export growth.

BEL vs HAL: Unlike HAL, BEL benefits from shorter execution cycles and much broader product diversification, say experts

Public sector banks are favored by investors in 2025, with significant returns and a record high for the Nifty PSU Bank. Positive trends in credit growth and government investment plans support optimism, while cumulative profits reached a new milestone, indicating a healthy outlook for the sector.

Power Grid Corporation plans to raise up to ₹3,800 crore through bond issuance, with a base issue of ₹1,000 crore. Bonds will be redeemable in 10 annual installments. The company reported a 6% drop in net profit for Q2 FY25, despite a 1.8% revenue increase.

SBI share price outlook: State Bank of India reported a Q2 net profit of ₹20,160 crore, a 10% increase year-on-year, driven by strong credit growth and a stake sale in Yes Bank. Asset quality improved, with gross NPAs declining to 1.73%. The bank raised its credit growth forecast to 12-14%.