PSU shares in demand: SJVN, NHPC, RVNL, RITES hit fresh lifetime highs

Shares of public sector undertakings (PSUs) companies were in focus in a weak market as the S&P BSE PSU index and S&P BSE CPSE index hit respective lifetime highs in Monday’s intra-day trade, on the back of positive corporate announcements.

Among state-run power generation stocks, shares of SJVN (surged 14 per cent at Rs 57.20), NHPC (up 6 per cent at Rs 49.63), RITES (up 10 per cent at Rs 501), Rail Vikas Nigam (RVNL) (up 7 per cent at Rs 146.55) and Mazagon Dock Shipbuilders (up 4 per cent at Rs 1,938.50) from infrastructure hit their respective record highs on Monday’s intra-day trade.