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"This year, we will follow a strategy of regular offers for sale (OFS) in small tranches. We are officially giving forward guidance for small investors to look out for it," says Dipam Secretary

PSU

TREND | 17 May 2025

Focus on exports, diversification to boost revenue growth: RITES CMD

Business Standard

Proactive efforts to secure export orders for rolling stock and diversify the client base have helped improve our revenue outlook for the coming years, RITES Ltd Chairman and Managing Director Rahul Mithal said. A Navratna public sector undertaking and leading transport and engineering consultancy company, RITES this week reported a 4.3 per cent decline in its consolidated operating revenue in the March quarter to Rs 615 crore compared to Rs 643 crore in the year-ago quarter. Net profit rose by 3.4 per cent year-on-year to Rs 141 crore in the quarter. Mithal told PTI that the company's rolling stock export business was impacted due to a lack of fresh orders from many of its erstwhile African and South Asian clients during the pandemic and post-pandemic periods. He added that the Quality Assurance segment also faced challenges as Indian Railways fixed four entities, for the first time, for the Quality Assurance work through an open tendering process, impacting both the volume and...

PSU

TREND | 16 May 2025

Banks, defence, OMCs: Which PSU stock to buy now? Analysts pick top bets

Business Standard

PSU stocks to buy: Bharat Dynamics, Mazagon Dock Shipbuilders, Garden Reach Shipbuilders, Bharat Electronics, Hindustan Aeronautics, and Cochin Shipyard have surged up to 59 per cent this year

Heard On The Street: Dealers Spot Action In GE Shipping, LIC Housing, Premier Energies And PSU Stocks

NDTV Profit | 16 May 2025

PSU

TREND | 16 May 2025

Cochin Shipyard shares climb over 13% following Q4 results

Business Line

The defence PSU's shares rallied following a 10.93 per cent uptick in consolidated net profit in Q4FY25 at 287.18 crore, driven by higher income.

PSU

TREND | 15 May 2025

Centre pushes CPSEs towards tech adoption, AI focus to boost efficiency

Business Standard

The senior official further explained that the change in traditional approach means CPSEs need to develop more core systems through the new emerging technologies such as AI

PSU

TREND | 14 May 2025

Fixed-price exit for PSUs may hurt minority investors, say experts

Business Line

This special carve-out for PSUs is expected to significantly simplify the process of taking these companies private

NeoSOFT aims to scale NeoNXT into 500 crore cloud business after Web Werks sale

Business Line | 14 May 2025

PSU

TREND | 14 May 2025

Bullish on PSU Banks and Cement; avoid IT stocks: Dipan Mehta

Economic Times

Dipan Mehta from Elixir Equities suggests considering Motilal Oswal among brokerages. He advises avoiding software services due to potential policy impacts. Mehta recommends overweighting PSU banks and cement sectors. He remains positive on Zomato for the long term. Bharti is favored among large-cap stocks. Mehta also sees potential in specialty chemical companies like SRF and Navin Fluorine for investment opportunities.