RITES Limited shares jumped over 10 percent in today's session. The PSU counter has witnessed a bullish breakout on the last trading day of the year and we can expect the stock to see further momentum. RITES and Rail Vikas Nigam were shinning among public sector stocks with HUDCO, MRPL and RCF also trading in the green. NSE Nifty was marginally down during the afternoon session but we can expect a recovery in the markets towards the end of the trading session.

HUDCO: Fibonacci Levels Table for HUDCO

HUDCO is consolidating around Rs 226 with resistance at Rs 234. A breakout could lead to Rs 240.
Offers a moderate dividend yield of 1.78%, providing income stability.
Long-term investors may find value in its strong market cap of Rs 46.77K crore.

RITES Limited: Fibonacci Levels Table for RITES Limited

RITES is trading near its resistance level of Rs 302.60, with bullish sentiment potentially pushing it higher.
The dividend yield of 2.66% enhances its appeal for steady returns.
Its consistent involvement in infrastructure projects supports its long-term growth potential.

Rail Vikas Nigam: Fibonacci Levels Table for Rail Vikas Nigam

The stock is nearing resistance at Rs 440, and a breakout could target Rs 450 and beyond.
High P/E ratio reflects market confidence but indicates a premium valuation.
Its pivotal role in Indian railway infrastructure makes it a growth-centric pick.

REC Limited: Fibonacci Levels Table for REC Limited

REC Limited trades close to Rs 500, with resistance near Rs 505. Breaking this could see it reach Rs 520.
Low P/E ratio of 8.80 and a high dividend yield of 3.42% make it a value stock.
Strong government-backed projects solidify its long-term investment appeal.