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PSUs face further investment apathy; privatisation may struggle: Analysts

The bulk of the earnings reduction over the past two months for the Nifty-50 index, according to KIE, has come from the government's decision to levy new taxes

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Puneet Wadhwa New Delhi
The government’s decision to impose excise duty on crude oil may have another casualty – the sentiment across public sector (PSU) stocks, said analysts, who feel the move will dampen investment sentiment across this space. That apart, the government's plan to mobilize funds via the privatisation route may also feel the heat going ahead, they said.

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“The increased earnings uncertainty of metal and oil & gas PSUs will hurt investment sentiment for PSU stocks further and also, potentially derail the government’s privatisation