{"id":109248,"date":"2023-09-07T12:54:14","date_gmt":"2023-09-07T07:24:14","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109248"},"modified":"2023-09-07T12:54:19","modified_gmt":"2023-09-07T07:24:19","slug":"stocks-to-watch-psu-stocks-climb-up-to-85-after-pm-narendra-modis-speech-in-lok-sabha","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stocks-to-watch-psu-stocks-climb-up-to-85-after-pm-narendra-modis-speech-in-lok-sabha\/","title":{"rendered":"Stocks to Watch: PSU stocks climb up to 85% after PM Narendra Modi&#8217;s  speech in Lok Sabha"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2955119841\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>During a no-confidence motion debate in the Parliament, Prime Minister Narendra Modi took a dig at the opposition parties, who criticised his government for not handling the PSU companies in an appropriate manner. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2256647872\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>In response, PM Modi said that despite superficial criticism of his government on PSU companies, PSUs are delivering robust numbers and are competing with their peers in style.\u00a0<\/p><p>&#8220;Here&#8217;s a guru mantra for those who follow the stock markets: Place your bets in those PSUs which they (the opposition) abuse. Your money will surely grow,&#8221; he said in Hindi.&nbsp;<\/p><p>PM Modi\u2019s light-hearted note on the floor of Lok Sabha set the shares of PSU companies racing, over the past month. It might have started as a casual remark, but investors seem to have taken his words seriously.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1831355129\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The share prices of Many PSU Companies witnessed a massive rally amid buying interest and this was not confined to a specific group or sector.&nbsp;<\/p><p>A majority of PSU Stocks witnessed a surge of anywhere between 10% to 85% in nearly a month\u2019s time, after the remark. <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MMTC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">MMTC Ltd<\/a><\/strong> (up 84.27%), Gujarat Mineral Development Corporation (up 55.22%), Shipping Corporation of India (up 45.90%), State Trading Corporation of India (up 47.30%), <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BEML\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">BHEL<\/a><\/strong> (up 41.61%), Jammu and Kashmir Bank (up 40.36%), Central Bank of India (up 28.93%), NMDC (up 26.82%), Punjab &amp; Sind Bank (up 26.54%) and <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/BEML\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">BEML<\/a><\/strong> (up 22.12%) were some of the top gainers.\u00a0<\/p><p>A few other stocks that were in the green include UCO Bank, Hindustan Copper, Indian Overseas Bank and MTNL. In fact, the share of PSUs in the country&#8217;s overall market capitalization is at the highest in four years, according to reports.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-329059628\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>During a no-confidence motion debate in the Parliament, Prime Minister Narendra Modi took a dig at the opposition parties, who criticised his government for not handling the PSU companies in an appropriate manner. In response, PM Modi said that despite superficial criticism of his government on PSU companies, PSUs are delivering robust numbers and are [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[9630,11800,5482,11447,948,936],"class_list":["post-109248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-beml-share-price","tag-mmtc-share-price","tag-psu-stocks-2023","tag-psu-stocks-to-watch","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks to Watch: PSU stocks climb up to 85% after PM Narendra Modi&#039;s speech in Lok Sabha - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"During a no-confidence motion debate in the Parliament, Prime Minister Narendra Modi took a dig at the opposition parties, who criticised his government for not handling the PSU companies in an appropriate manner.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/stocks-to-watch-psu-stocks-climb-up-to-85-after-pm-narendra-modis-speech-in-lok-sabha\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks to Watch: PSU stocks climb up to 85% after PM Narendra Modi&#039;s speech in Lok Sabha\" \/>\n<meta property=\"og:description\" content=\"During a no-confidence motion debate in the Parliament, Prime Minister Narendra Modi took a dig at the opposition parties, who criticised his government for not handling the PSU companies in an appropriate manner.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/stocks-to-watch-psu-stocks-climb-up-to-85-after-pm-narendra-modis-speech-in-lok-sabha\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-07T07:24:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-07T07:24:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/modi-cover-image-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/stocks-to-watch-psu-stocks-climb-up-to-85-after-pm-narendra-modis-speech-in-lok-sabha\/\",\"url\":\"https:\/\/tradebrains.in\/features\/stocks-to-watch-psu-stocks-climb-up-to-85-after-pm-narendra-modis-speech-in-lok-sabha\/\",\"name\":\"Stocks to Watch: PSU stocks climb up to 85% after PM Narendra Modi's speech in Lok Sabha - 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