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Business & Stocks Business Standard • Nov 02, 2026

PSU and CPSE Stocks Rally: ITI and Engineers INDIA Surge Up to 19% Amid Broad Market Gains

💡 Key Takeaways

•BSE PSU and CPSE indices gained 2% during Monday's intraday trading session.
•ITI and Engineers India led the rally with surges of up to 19%.
•Heavyweights like NTPC, Coal India, RVNL, and RailTel posted 3-6% gains.

NEW DELHI [NCRBuzz Wire] — ### MUMBAI [NCRBuzz Wire] — **Benchmark equity gauges tracking public sector enterprises surged on Monday as institutional investors aggressively reallocated capital into state-backed undertakings.**

**The BSE PSU and CPSE indices advanced 2 percent in intraday trade, underpinned by heavy buying across power, transport, and defense counters.** Market participants attributed the upward trajectory to ongoing fiscal expansion, robust infrastructure outlays, and favorable earnings visibility across major state-run corporations.

### Fiscal Metrics and Market Performance

**Individual high-beta counters such as ITI and Engineers India experienced extraordinary volatility and upward rerating, zooming up to 19 percent.** Meanwhile, core heavyweights including NTPC, Coal India, IRCON International, RVNL, RailTel Corporation of India, RITES, BEML, and NBCC posted substantial gains ranging between 3 percent and 6 percent during the session.

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🏛️ Background Context

State-owned enterprises in India have witnessed periodic re-ratings driven by government capital expenditure allocations, privatization policies, and strategic prioritization of domestic manufacturing and infrastructure development under national growth frameworks.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: Why did PSU and CPSE stocks surge on Monday?

The BSE PSU and CPSE indices gained 2% due to robust institutional buying and positive momentum across state-backed energy and infrastructure counters.

Q2: Which specific stocks recorded the highest gains?

ITI and Engineers India led the rally with surges of up to 19%, while major firms like NTPC, Coal India, and RVNL rose between 3% and 6%.

Q3: How are broader market indices reacting to this trend?

Benchmark public sector indices are experiencing valuation expansion driven by ongoing capital expenditure visibility and strong earnings expectations.

Verified Wires: Business Standard Original Wire Dispatch ↗

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