Saturday , July 13 2024

After the shock on the day of election results, shares of Gujarat government companies rose by 7-31% | Live Updates, Unveiling the Latest India News Trends

On June 4, the day of the Lok Sabha election results, which were contrary to expectations, India's stock markets fell sharply. However, since then the market has been recovering gradually. In this recovery, the shares of Gujarat Public Sector Undertakings (PSUs) have gained significantly.

Gujarat PSU stocks have rallied between 7% and 31% in the last 10 days. Shares of 6 out of 7 state government companies have seen double-digit growth.

A compilation of share prices of Gujarat government companies from the Bombay Stock Exchange (BSE) showed that Gujarat Industries Power Limited saw the highest gain of 31%. Similarly, the share price of Gujarat Alkalis & Chemicals has increased by 20% and the share price of Gujarat Gas has increased by 18%. Gujarat State Petronet saw a 7% rise in its price. Sensex and Nifty have recovered 7% during this period. While the BSE PSU index has gained 13% and the NSE PSE index has gained 14%.