PSU, CPSE stocks in demand: ITI, Engineers India zoom up to 19%; here's why
Engineers India is in focus.
· Business Standard Mkts
The BSE PSU, CPSE indices gained 2% in Monday's intraday trade backed by a 3-6% rally in NTPC, Coal India, IRCON International, RVNL, RailTel Corporation of India, RITES, BEML and NBCC.
The analysis
Engineers India reported movement of 2%, 19% and -6%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +14.6% on the day at ₹288.55, and has returned +13.5% over three months. It sits 9% below its 52-week high. The infrastructure sector has moved -15.8% over the same period, so Engineers India is running 29.3 points ahead of its peers.
For Engineers India, the question is how much of this is already reflected in the price and how much re-rates the infrastructure peer set alongside it.
Why it matters
- With BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The 6 companies named span 4 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 6 of 6 are higher: Engineers India leads at +14.6% and NTPC trails at +2.1%.
- Over three months: Engineers India +13.5% against Infrastructure -15.8% (29.3 points ahead); NTPC -8.3% against Power -13.2% (4.9 points ahead); Coal India -6.8% against Metals & Mining -9.5% (2.7 points ahead); Ircon International -23.1% against Infrastructure -15.8% (7.3 points behind).
- At least 25% below the 52-week high: Ircon International (43%), Rail Vikas (RVNL) (52%) and Railtel Corporation of India (38%).
- Trading well above normal today: Engineers India at 6.2 times its 20-day average volume and Rail Vikas (RVNL) at 2.5 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Engineers IndiaENGINERSIN · Infrastructure | ₹288.55 | +14.6% | -18.6% | +13.5% | -8.6% | 6.2× | — |
| NTPCNTPC · Power | ₹323.05 | +2.1% | -2.0% | -8.3% | -21.2% | 1.2× | — |
| Coal IndiaCOALINDIA · Metals & Mining | ₹406.00 | +4.4% | -8.5% | -6.8% | -15.7% | 1.3× | — |
| Ircon InternationalIRCON · Infrastructure | ₹102.14 | +5.7% | -17.5% | -23.1% | -43.0% | 0.9× | — |
| Rail Vikas (RVNL)RVNL · Infrastructure | ₹187.99 | +4.6% | -10.9% | -19.4% | -51.5% | 2.5× | — |
| Railtel Corporation of IndiaRAILTEL · Telecom & Media | ₹233.55 | +5.0% | -16.3% | -24.4% | -38.3% | 1.1× | — |
Infrastructure
1M -10.5% · 3M -15.8%
Engineers India, Ircon International, Rail Vikas (RVNL)
Power
1M -6.9% · 3M -13.2%
NTPC
Metals & Mining
1M -9.3% · 3M -9.5%
Coal India
Telecom & Media
1M -0.2% · 3M +0.9%
Railtel Corporation of India
Prices as of 2 Nov 2026, 12:53 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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