Shares of some of the leading Public Sector Units (PSU) in the country have risen after the offer-for-sales (OFS) of Oil India and National Thermal Power Corporation (NTPC) received strong response from the international investors.

The volumes in firms, in which the government holds more than three fourth stake, rose significantly in the market after overseas investors enthusiastically participated in the recent OFS in the market. Foreign institutional investors
(FIIs) acquired about half of the 9.5 per cent stake sold by the government as part of the NTPC OFS.

The finance ministry showed that the FII's invested Rs. 5,153 crore in the OFS compared to a total of Rs. 11,469 crore raised from the sale. On the other hand, the FII's invested about Rs. 1,898 crore in Oil India picking up 60 per cent of the stake sold by the government.

The shares of MMTC increased 17per cent to Rs 599 on the Bombay Stock Exchange (BSE) with a volume of 1.6 million shares till this afternoon. State Trading Corporation of India rose 15 per cent to Rs 219 on BSE on a volume of 1.55 million shares. Hindustan Copper, HMT, National Fertilisers, RCF, Engineers India and Dredging Corporation of India all recorded growths of between3 to 8 per cent until this afternoon.