RITES, Bharat Electronics, Coal India and REC were some of the public sector stock trading positive on Tuesday. Public sector companies have been in focus during the last two months but it seems like most of them are losing steam currently. We can expect stronger action in these stocks during 2025.

Indian markets opened negative on Tuesday as the global markets were facing selling pressure. The volumes have been low due to year-end holidays and lower participation from big investors and FIIs.

Fibonacci Levels

1. Bharat Electronics
High: Rs 290.20, Low: Rs 284.25

Insights:

Bharat Electronics is consolidating near Rs 285, a critical support level.
Breaking Rs 290 could pave the way toward retesting Rs 300 in the near term.
Long-term investors should focus on its solid market capitalization and dividend yield.

2. RITES Limited
High: Rs 274.70, Low: Rs 267.10

Insights:

The stock is nearing its resistance level of Rs 275, and a breakout could attract bullish sentiment.
Support at Rs 267 provides a cushion for downside risks.
With a P/E ratio of 36.38 and strong dividends, RITES remains a stable option for income-focused investors.

3. REC Limited
High: Rs 504.10, Low: Rs 495.60

Insights:

REC Limited is approaching resistance near Rs 505; a decisive breakout may lead to further upside.
The stock’s 3.40% dividend yield and low P/E ratio (8.85) add to its investment appeal.
Long-term growth prospects remain robust, especially with continued focus on electrification and rural development projects.