Axis Securities , through its research division, has issued a compelling BUY recommendation on RITES Limited, the Navratna central public sector enterprise operating under the Ministry of Railways.

IDBI Capital Markets has presented a cautiously optimistic outlook on PSU major RITES Limited, recommending a HOLD rating with a revised target price of Rs 284.

RITES, SAIL, NALCO, MRPL and GAIL shares were in demand during Wednesday's trading session. IREDA, BHEL, BEL and HUDCO were among major losers.

Indian markets opened strong on Monday as India and Pakistan reached ceasefire.

RITES, NALCO, IRFC, IREDA, BHEL, BEML were among winner in the PSU segment during Wednesday's session.

BHEL, NMDC, RITES, BEML and IREDA stocks closed strong as sustained buying was witnessed among these public sector majors.