IRFC, NTPC Green Energy, Engineers India, BHEL, IDBI Bank, IREDA, RITES, REC and RCF were among major losers in PSU stocks segment. Majority of PSU stocks closed today's session lower expect for minor gains in Power Grid, IOC and MRPL. Indian markets closed flat today while US stocks have witnessed recovery over the last few trading sessions. The market sentiment still remains cautious and we can expect selling at higher levels. Investors are still concerned about the US tariffs on Chinese goods and this could have an impact on international trade. TopNews Team has reviewed technical levels and analysts' opinion about some of the heavily traded PSU stocks.

Indian Railway Finance Corporation (IRFC): Stability Amidst Capital Expansion

IRFC posted a marginal decline in net profit for Q4 FY25, down 2.1% year-on-year at Rs 1,682 crore. Meanwhile, operating revenue rose 3.8% to Rs 6,723 crore. For the full year, net profit stood at Rs 6,502 crore with total income reaching Rs 27,152 crore. Assets under management surpassed Rs 4.6 lakh crore, with net worth rising over 7% to Rs 52,667 crore.

To fuel future growth, IRFC's board sanctioned a fundraise of up to Rs 60,000 crore for FY26, targeting domestic and global markets. The capital will support rail infrastructure expansion, aligning with the government’s long-term logistics roadmap.

Despite long-term returns of over 400% in five years, the stock dipped 1.94% on April 30 and lost over 7% for the week. Analysts currently classify the stock as “Strong Sell,” though some suggest accumulating on dips, citing low-risk fundamentals and a stable earnings profile. Its trajectory remains tightly linked to bond market movements and public sector funding patterns.

NTPC Green Energy: Renewables Powering Long-Term Vision

NTPC Green Energy delivered strong Q3 FY25 results with a 52.3% year-on-year profit surge to Rs 89.4 crore and a modest 4.1% revenue rise to Rs 460.9 crore. Although EBITDA margins declined to 83.5% from 88.9%, the company’s renewable energy roadmap remains intact.

The firm aims to build 60 GW of green capacity by 2032, recently awarding a 378 MW wind project as part of this commitment. After falling from Rs 155 in December 2024 to Rs 84.60 in March, the stock has shown a recovery trend.

Brokerage sentiment remains optimistic:

Target price range: Rs 120–150.

Support zones: Rs 90–104.

Stop-loss levels: Rs 86 for conservative entries.

While share supply from the February lock-in expiry pressured prices temporarily, the long-term view is underpinned by government support and execution strength.

Engineers India Ltd (EIL): Execution and Consultancy Edge

EIL’s share price recovered 7% over the past quarter, closing at Rs 178.65 on April 30. Despite a 27% year-on-year decline, the company anticipates robust turnkey project execution in the next six months, driven by petrochemical and refinery project wins.

The latest quarter showed a 40% increase in sales and a 23% gain in operating profit. However, the margin profile was impacted by a higher share of low-margin contracts. The high-margin consultancy business remains the company's strength.

Technical and fundamental analysts remain bullish:

Short-term price targets: Rs 208–238.

Long-term view: Rs 295 on improving earnings mix.

The stock recently broke out from a multi-week consolidation zone, supported by bullish momentum. EIL also boasts a healthy promoter holding of over 51%, with retail interest on the rise.

Bharat Heavy Electricals Ltd (BHEL): Order Books Surge, Valuation Mixed

BHEL ended FY25 with a 19% revenue jump to Rs 27,350 crore and record-breaking order inflows totaling Rs 92,534 crore. The company also declared a 12% dividend on a Rs 2 face-value share. While its market performance shows a 910% return over five years, the stock fell 19.47% year-on-year, closing at Rs 226.84 on April 30.

BHEL’s order book stands at nearly Rs 1.96 lakh crore, anchored by major public sector contracts. However, analysts remain split:

Bullish targets: Rs 300–370.

Bearish view: Rs 115 fair value on profitability concerns.

From a technical standpoint, weekly indicators lean bullish, but monthly trends suggest caution. The stock trades above short- and medium-term averages but below its 200-day average, reflecting a consolidation phase.

Indian Renewable Energy Development Agency (IREDA): A Green Financier on the Rise

IREDA’s Q4 FY25 earnings report highlighted a 49% jump in net profit to Rs 501.55 crore, with operating revenue rising nearly 37% to Rs 1,905 crore. Its loan book climbed 28% year-on-year to Rs 76,250 crore.

The board approved Rs 30,800 crore in new borrowing for FY26 and received shareholder approval to raise Rs 5,000 crore via QIP, expected to dilute government stake by 7%. Over 25 lakh retail investors now hold positions in IREDA, reflecting surging interest.

Despite recent stock volatility, analysts remain optimistic:

Price targets: Rs 200–300 in the near-to-medium term.

Technical indicators: RSI oversold; support near Rs 155–160.

While the stock faces temporary pressures from QIP-related dilution and technical pullbacks, the long-term trajectory is firmly positive, supported by policy momentum in renewable energy.

Analyst Summary Table

Final Takeaway

Each of these companies is tightly intertwined with India’s infrastructure and renewable energy growth narrative. While IRFC and IREDA serve as financing backbones, NTPC Green and BHEL power execution, and EIL bridges planning to delivery. Investors seeking exposure to long-cycle capital themes must weigh short-term volatility against long-term policy alignment. With order books swelling and green mandates accelerating, these five companies remain closely watched as India builds its next-generation economic infrastructure.