Notwithstanding high volatility over the week, the BSE 500 index outperformed the headline BSE S&P Sensex with the latter gaining 0.90% (642 points) on a weekly basis.
Indian state-owned companies stocks surged in FY24, outperforming mid- and small-cap stocks. BSE PSU index nearly doubled, boosted by govt s capex spending hike and anticipated BJP victory. Railway, power, defence, and oil sectors also showed impressive gains.
IRFC share price: The stock fell 1.12 per cent to hit a day low of Rs 141.30. At this price, the scrip has declined 26.71 per cent from its one-year high value of Rs 192.80, a level seen earlier this year on January 23.
Stocks such as IRFC have vaulted over 400 per cent over the last year while stocks like Mangalore Refinery And Petrochemicals, HUDCO and Ircon International have surged over 300 per cent each in the last one year.