Indian markets opened strong on Monday as India and Pakistan reached ceasefire. While markets didn't react too much last week, today's strong opening suggests that market players are bullish as geopolitical tensions could remain low for near future. NSE Nifty was trading 2.5 percent higher at the time of publication of this report and we can expect a strong closing for the markets today. Among PSU stocks, IRFC, RITES, BEML, NTPC Green Energy, BPCL, and IREDA were witnessing strong volumes and moves during early session. TopNews Team has reviewed the recent news and developments around these counters and presented a short term view on these companies.

RITES Ltd: Strong Order Book Backs Global Growth Ambitions

Current Price: Rs. 225.31 (up by 4.47 percent)
Order Book: Robust at Rs. 5,400 crore (~Rs. 54 Bn)
Dividend and Earnings Date: Final audited results expected May 14, 2025

Engineering and consultancy major RITES is positioning itself as a global EPC player. A recent MoU with Etihad Rail to collaborate on UAE projects boosts international credentials under its “RITES Videsh” initiative. Although its shares dipped 3.2% after a contract with UP State Bridge Corporation was mutually terminated, Simply Wall St values RITES intrinsically at Rs. 325—a 31% premium to its current trading level.

Key Growth Drivers: 50% of the order book stems from high-margin consultancy operations, aligning with global infrastructure trends and India's export of EPC expertise.

Indian Railway Finance Corporation (IRFC): Eyes on Long-Term Upside Amid Technical Choppiness

Stock Price: Rs. 122.75 (as of May 12, 2025, 10 am), up by 6.72%
Technical Indicators: RSI at 43.8 (neutral), MFI at 70.1 (short-term overbought)
FY24 Net Profit: Rs. 6,412 crore on revenue of Rs. 26,655 crore

The state-owned financier of Indian Railways has experienced a moderate pullback, yet the long-term investment thesis remains intact. With a massive promoter holding of 86.36%, the low float may contribute to price volatility, but also highlights tight supply. Analysts at Trademint.in peg medium-term targets between Rs. 184.62–Rs. 370 for 2025, and a futuristic projection of Rs. 3,500 by 2050 driven by capex in India’s transport infrastructure.

Strategic View: While the near-term setup appears technically fatigued, investors betting on India’s railway modernization under PM Gati Shakti could find IRFC an undervalued proxy to long-duration infrastructure lending.

BEML Ltd: Metro Order Momentum and Defense Play Drive Optimism

Recent Contract Win: Rs. 405 crore from Bengaluru Metro
Mutual Fund Interest: Motilal Oswal Financial Services added 2.66 lakh shares
Forecasted EPS Growth: 41.2% (per Simply Wall St)

Diversified across rail, defense, and heavy engineering, BEML is emerging as a compelling bet on India’s urban transport and defense indigenization. Analysts at Motilal Oswal maintain a bullish outlook with a price target of Rs. 3,838, implying 22% upside. This comes amid strengthening order pipelines and favorable policy frameworks under the “Make in India” umbrella.

Investor Insight: Backed by institutional accumulation and government-led capex in metros and defense logistics, BEML offers both momentum and structural upside.

NTPC Green Energy: Navigating Volatility in the Renewable Arena

Stock Movement: -9% post lock-in expiry
Latest Commissioning: 100 MW of Bhainsara Solar (part of 320 MW project)
Target Capacity: 60 GW by 2032

India’s renewable ambitions hinge significantly on NTPC Green’s scale-up trajectory. Despite short-term selling pressure after 183 million shares were unlocked, the company is aggressively executing greenfield projects and signing state-level MoUs, including with the Madhya Pradesh government.

JM Financial maintains cautious optimism, citing execution risk, yet affirms long-term viability in India's evolving energy matrix.

What to Watch: Project commissioning pace and tariff viability will be the litmus test for its valuation narrative in coming quarters.

BPCL: Riding EV Infra Boom and Earnings Surprise

Q1 FY25 EPS: Rs. 7.52 (18.4% above estimates)
EV Charging Stations Added in FY25: 6,563
Final Dividend Declared: Rs. 5/share

Bharat Petroleum Corporation continues to surprise markets with its dual growth in traditional refining and EV infrastructure. FY25 revenue surged to Rs. 1.27 trillion, with volume growth driven by retail expansions. Analysts at Antique Stock Broking reiterated a “Buy” with a revised target of Rs. 425, while InvestingPro noted strong dividend yields and valuation comfort at a P/E of 10.1.

Investor Takeaway: BPCL presents a rare mix of cyclical recovery, ESG pivot, and solid income yield, making it a favored pick among institutional portfolios.

IREDA: Clean Energy Financing in Full Throttle

Q4 FY25 Net Profit: Rs. 5,000 crore (up 49% YoY)
Loan Book: Rs. 762.5 billion (+28%)
Gross NPA: Improved to 1% (from 1.7%)

IREDA is increasingly being viewed as the financial backbone of India’s green economy. With a sanctioned borrowing of Rs. 30,800 crore for FY26, it plans to further accelerate clean energy project funding. The technical setup shows strength with analyst AR Ramachandran suggesting a breakout above Rs. 177, targeting Rs. 198. Meanwhile, StoxBox’s Ameya Ranadive recommends accumulating on dips with a support base at Rs. 150.

Bottomline for short term investors: Lower NPAs and policy tailwinds make IREDA a compelling financing player in the renewables ecosystem, akin to a “green bank” in the making.

Summary Table: Key Catalysts and Risks

Final Thoughts

As India transitions through an infrastructure and clean energy supercycle, companies like RITES, IREDA, and NTPC Green represent structural plays, while legacy giants like BPCL and IRFC offer cyclical plus yield narratives. Investors should monitor earnings trajectories, order wins, and regulatory shifts, and consider deploying capital aligned with sector-specific tailwinds and each stock’s technical posture.