public sector units

PSU stocks: PSU stocks feel poll result heat; Cochin Shipyard, Bharat Dynamics worst hit, fall up to 10%

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PSU stocks Cochin Shipyard and Bharat Dynamics witnessed a sharp fall by 10% to Rs 1,630.55 and Rs 1,293.35 respectively as the BSE PSU index fell by 4% soon after markets opened on Wednesday following the disappointing Lok Sabha election results. The index ended nearly 16% lower on Tuesday as the Narendra Modi-led BJP failed … Read more

Railways stocks tank up to 33% in 2 days following narrow BJP-led NDA’s election win

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Railway shares have tumbled up to 33% in the last two days as a narrow win for Prime Minister Narendra Modi’s alliance raised concerns about policy continuity. Shares of Titagarh Rail Systems tumbled nearly 33%, while Ircon International declined by over 26%. Meanwhile, RailTel Corporation and IRCTC also fell by over 19% in the past … Read more