BEML, GAIL, HPCL, BPCL and NHPC Share Price Jumps in Early Trade on Friday; Markets Rangebound
NHPC, BEML, GAIL, HPCL and BPCL were among major gainers in the public sector stocks. NHPC was trading nearly 3.8 percent higher. In the recent days, many PSU stocks have witnessed renewed investor interest and higher levels of buying. These stocks have also witnessed higher volatility and some of them have seen bullish breakout. TopNews reviews below the top performers among PSU Stocks.
| Stock Name | Open (Rs) | High (Rs) | Low (Rs) | Market Cap (Rs Billion) | P/E Ratio | Dividend Yield (%) | 52-Week High (Rs) | 52-Week Low (Rs) |
|---|---|---|---|---|---|---|---|---|
| Hindustan Petroleum (HPCL) | 393.85 | 401.85 | 392.05 | 851.35 | 20.27 | 5.25 | 457.15 | 237.33 |
| GAIL | 208.87 | 213.20 | 208.51 | 1,400.00 | 12.12 | 2.58 | 246.30 | 134.85 |
| BEML | 4,300.00 | 4,382.00 | 4,287.65 | 180.22 | 63.17 | 0.47 | 5,488.00 | 2,407.40 |
| BPCL | 297.90 | 302.80 | 296.40 | 1,310.00 | 9.79 | 6.98 | 376.00 | 216.22 |
Fibonacci Levels for Each Stock
Hindustan Petroleum (HPCL)
Key Levels:
38.2%: Rs 375.58
50.0%: Rs 347.24
61.8%: Rs 318.89
Insights:
Trading near its resistance zone of Rs 401.85.
Strong dividend yield of 5.25% makes it attractive for income-focused investors.
Breakout above Rs 402 may lead to testing its 52-week high at Rs 457.15.
GAIL
Key Levels:
38.2%: Rs 191.28
50.0%: Rs 190.58
61.8%: Rs 179.87
Insights:
Solid market cap of Rs 1.4T and a steady dividend yield of 2.58%.
A breakout above Rs 213.20 could push it toward its 52-week high of Rs 246.30.
Mid-range valuation with a P/E of 12.12 provides scope for steady growth.
BEML
Key Levels:
38.2%: Rs 3,894.47
50.0%: Rs 3,946.50
61.8%: Rs 3,998.52
Insights:
The stock is trading near its recent high and has significant upside toward Rs 5,488.
Limited dividend yield at 0.47%, with growth primarily driven by capital appreciation.
High P/E ratio (63.17) suggests potential overvaluation; cautious entry is advised.
BPCL
Key Levels:
38.2%: Rs 293.33
50.0%: Rs 296.39
61.8%: Rs 299.45
Insights:
Trading at a modest P/E of 9.79 and offers a high dividend yield of 6.98%.
Strong support near Rs 296.40; rebound likely if sustained.
Breakout above Rs 302.80 could drive momentum toward Rs 376, its 52-week high.
