Public sector undertaking (PSU) and Central Public Sector Enterprises (CPSEs) stocks witnessed significant demand on Monday, with the BSE PSU and CPSE indices rallying 2 per cent during intraday trade. According to reports from Business Standard, this outperformed the broader market, with the BSE Sensex up 1.25 per cent at 75,388 at 10:17 AM. The rally was led by gains in Engineers India, ITI, and railway-related stocks, with NTPC, Coal India, IRCON International, RVNL, RailTel Corporation of India, RITES, BEML and NBCC contributing to the broader sector momentum.
NBCC shares surged 9% to ₹76 in Monday's trading session, marking the biggest single-day spike in 14 months after the state-owned construction company announced a major tourist project in Rajasthan. As reported by LiveMint, the company signed a memorandum of understanding with the Department of Tourism, Government of Rajasthan, and the Rajasthan Heritage Authority to develop the Maharana Pratap Tourist Circuit at Haldighati, Rajasthan. The project involves constructing the proposed world's largest Maharana Pratap statue, a historical museum, and an immersive projection show, with the total project cost sanctioned at ₹168.39 crore excluding GST. Under the agreement, NBCC will undertake planning, designing, execution, operation, and maintenance of the identified works, marking a significant milestone for the company after 4 months of losses and a 33% decline in the last four months.
ITI emerged as the standout performer, with share price zooming 20% to hit the upper circuit limit of ₹259.14 on Monday, following its exceptional performance in the previous session. As reported by Mint, the stock opened at ₹216.25 apiece on NSE today, as compared to the previous close of ₹215.95 on Friday and touched an intraday high of ₹259.14. The company is engaged in the design, manufacture, supply, installation, commissioning, and maintenance of telecommunications equipment and communication network infrastructure, with its portfolio including GPON equipment, routers, switches, optical fibre products, smart energy meters, IoT solutions, secure communication systems, data centre and cloud services, cybersecurity solutions, and turnkey telecom projects. ITI primarily serves telecom operators, government departments, defence organizations, state governments, and public sector enterprises with a strong focus on indigenous manufacturing, digital infrastructure, and next-generation communication technologies supporting key national initiatives such as BharatNet, Smart Cities, Digital India, and Make in India.
Engineers India shares surged 15 per cent to ₹288.45 on a three-fold jump in trading volume after reporting healthy earnings for Q2FY27. According to Business Standard, a combined 12.4 million shares changed hands on the NSE and BSE. The company reported EBITDA growth of 44.4 per cent YoY to ₹173 crore with EBITDA margin expanding 797 bps to 21.0 per cent, while PAT surged 135.6 per cent to ₹197 crore despite a 10.5 per cent YoY decline in consolidated revenue to ₹824 crore. As reported by ICICI Securities, the outlook remains encouraging, with Engineers India achieving its earlier fully-year FY27 order inflow guidance of ₹8,000 crore within H1FY27 itself, prompting management to raise the order inflow guidance. The total order book stood at a healthy ₹20,421 crore, providing strong revenue visibility, with the higher-margin Consultancy business accounting for ₹15,312 crore (75 per cent of the total order book), including ₹11,418 crore of overseas consultancy orders. The increasing contribution of the Consultancy & Engineering Projects business (75 per cent of Q2 revenue) with a 31.6 per cent segment margin is expected to support sustained profitability and margin expansion.
Coal India's share price rallied 4 per cent to ₹403.30 after reporting healthy production and offtake volumes. As reported by Business Standard, the company achieved production volume of 67.2 million tons (up 19 per cent YoY) in October 2026, with year-to-date FY27 volume reaching 388 MT. Offtake volume for the month stood at a record 70.3 MT (up 19 per cent YoY) with YTDFY27 sales volume reaching 454.6 MT, growth of 9.2 per cent YoY. The surge in offtake volume was attributed to sustained critical shortage of thermal coal at power plants, with e-auction allocation volume improving to 91 per cent from 72 per cent in September 2026. According to ICICI Securities, the company is undertaking a strategic positional shift from a pure play coal miner to a diversified energy and minerals player, supported by its robust net cash balance sheet and an attractive dividend yield of 6 per cent.
NTPC shares soared 4 per cent to ₹328 on strong Q2 earnings, with analysts at Jefferies noting that the Q2FY27 profit was 16 per cent above analyst estimates aided by lower disincentives. According to Business Standard, the brokerage firm raised FY27E EPS by 1 per cent and maintained a 'Buy' rating with a target price of ₹425 per share. The management reduced FY27E renewable energy addition guidance to 5 GW from 7-8 GW due to transmission delays, with NTPC adding 1.3 GW RE capacities in 1HFY27 and another 3.5 GW expected in 2H. Jefferies in the Q2 result update said they lowered FY27E overall addition to 6.0 GW from 8.2 GW, which is reflected in a 1 per cent tweak to its FY28E-29E earnings. Analysts maintain capacity ramp-up as a key re-rating driver ahead.
