PSU stocks continue to surge, with the BSE PSU index reaching a record peak of 18,025 points. The rally is attributed to increased capital expenditure in the interim budget for 2024-2025, benefiting PSU companies.
NBCC, HUDCO shares their sharp upward on February 2 after FM Nirmala Sitharaman in her Budget speech announced that 2 crore more houses will be taken up in the next five years under PM Awas Yojana (Grameen).
Union Finance Minister Nirmala Seetharaman presented the Interim budget 2024-25. announced that the capital expenditure outlay for the next year is being increased by 11.1 per cent to Rs 11,11,111 crore, which would be 3.4 per cent of the GDP. She said, this is in the wake of building on the massive tripling of the…