Stock market today: IREDA, IFCI, MMTC to NBCC — these four PSU stocks hit upper circuit. Which stock to buy today?

livemint.com:

Stock market today: Following the bull trend in the Indian stock market post-US Fed meeting, the Nifty PSE index surged to the tune of 3 percent during the intraday session. The 51-stock index found strong buying support from PFC, REC, BHEL, SAIL, and BEL shares. Four PSU stocks — IREDA, IFCI, MMTC, and NBCC touched the upper circuit in this stock market rally.

Here we list out full details of the PSU stocks that touched the upper circuit today: IREDA share price today opened upside at ₹127.25 apiece on NSE and went on to touch an intraday high of ₹132.05 apiece. While climbing to this intraday high, the PSU stock went on to touch a 5 percent upper circuit. The state-owned stock was listed on BSE and NSE on 29th November 2023 and the issue price was at ₹30 to ₹32 per equity share.

So, IREDA share is quoted over 300 percent higher than its upper price band of ₹32 apiece. It should be noted that the PSU stock has retraced from its lifetime high of ₹214.80 apiece on NSE, which it touched on 6th February 2024. IFCI share price today opened upside at ₹38.55 apiece on NSE and went on to touch an intraday high of ₹39.65 per share.

While climbing to this intraday high, the PSU stock went on to touch a 5 percent upper circuit within half an hour of the stock market's opening bell. NBCC share price today opened higher at ₹111.95 apiece on NSE and went on to touch an intraday high of ₹114.80 apiece within a few minutes of the stock market's opening bell. While climbing to this intraday high, the PSU stock went on to touch a 5 percent upper circuit as well.