Vishnu Prakash R Punglia, a key player in India’s infrastructure and engineering sector, has been awarded a major civil construction contract from Bharat Heavy Electricals Ltd.

IREDA, REC, BHEL, HUDCO and NALCO shares were trading lower today as many public sector companies will be reporting quarterly results.

Prabhudas Lilladher has maintained an "Accumulate" rating on Bharat Heavy Electricals Limited (BHEL) with a target price of Rs 226, revised downward from Rs 260.

BHEL share price declined 3.56 percent in today's session as majority of public sector stocks were facing selling pressure today.

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

IREDA, REC, MMTC, HUDCO, BHEL, IDBI Bank were among biggest losers from public sector stocks on Friday.