PSU stocks rally; RITES, Indian Bank, Bharat Dynamic, RVNL surge up to 13%

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PSU stocks rally; RITES, Indian Bank, Bharat Dynamic, RVNL surge up to 13% - Business Standard

Quick Summary:

At 10:20 AM, the BSE PSU index, the top gainer among sectoral indices, was up 3.5 per cent at 19,856, as compared to the 1.

Apart from that, RVNL shares gained 10 per cent to Rs 462.75 after a joint venture between RVNL and SCPL received Rs 837-crore projects from Eastern Railway.

As per the deal, RVNL will carry out earthwork in cutting and filling, blanketing, construction of minor bridges, major bridges, RUB, ROB, retaining wall, level crossing, side drain, catch water drain work between Kalipahari to Pradhankhuta in connection with the construction of multi-tracking Railway BG line.