PM Modi said and the effect on government shares is visible, if you don't believe then see the figures - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News

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Friday, August 11, 2023

PM Modi said and the effect on government shares is visible, if you don't believe then see the figures

PM Modi Speech: Yesterday, Prime Minister Narendra Modi had given advice to the stock market investors about government companies in the Parliament to invest in those which are opposed and its effect is visible on the market this morning. There is an uptrend in many government stocks including LIC, NBCC, HAL, PNB.

Prime Minister Narendra Modi gave a long speech of about 2 hours 13 minutes in the Parliament on Thursday. In this speech, he fiercely attacked the opposition. In this speech, the PM also mentioned government companies while responding to the attacks of the opposition. Giving advice to the investors of the stock market, PM Modi said that invest in government companies which are opposed by the opposition because they will make you rich. PM Modi also gave the example of HAL and LIC. So, after yesterday's speech of PM Modi, are the investors in the shares of government companies able to earn today or not? Let us tell you through statistics.

In the opening session of the market on Friday, a fall of 232 points is being seen. But talking about government stocks, there is a bullish trend in them. Be it Bharat Heavy Electric or Life Insurance Corporation or the country's largest government bank SBI. There is a booming trend everywhere.

lic investors enthusiasm high

In the initial session of the last trading day of the week, there is a strong trend in the shares of LIC. LIC shares are registering a gain of 3.16 per cent at 10.51 am. In yesterday's speech, PM Modi also mentioned LIC. LIC investors are seeing a wave of happiness this morning. The same Bharat Heavy Electric i.e. BEL's shares are registering a strong growth of 2.20 per cent. The enthusiasm is also high among the investors of the country's largest public sector bank SBI. This stock is seeing a gain of 0.44 percent in the early trade of Friday.

This government company returned from loss to profit

There is another government stock on Friday in which a gain of more than 5 percent is being recorded. This stock is of NBCC. Actually the results of this government company have come only yesterday evening. And the special thing is that this government company has become profitable from loss. Similarly, yesterday PM Modi had also said that government companies are recovering from losses and returning to profits. It is also clearly visible in the results of this company.

There is also a rise in these government shares

There is another government company named HL. This company was also mentioned by PM Modi during his speech yesterday. Today, the stock of this company is also registering a rise of 1.20 per cent in the morning session. At the same time, in the last 6 months, this government company has given more than 55 percent return to the investors. Apart from this, the shares of Bank of Baroda and Punjab National Bank, which are among the big public sector banks of the country, also have a fast trend in the morning session. The same Power Grid's shares are also seen trading at a speed of more than 1 percent.

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