Page 2 - Psu Stocks

CPSE index hits over 3-year high; REC, PFC, CIL, Power Grid up 5% each

ONGC, PFC, Coal India, Indian Oil Corporation and NTPC from the CPSE index were trading at their respective 52-week highs level on the BSE.

Markets hit fresh highs as telecom, PSU stocks gain, Sensex near 59K

Nifty adds 139 points and ends session at 17,519, up 0.8 per cent. Both the indices surpass their previous record close made on September 9

PSU m-cap up 77% in 7 months as investors move towards value stocks

But share in total m-cap languishes below 10%, lower than long-term average of 13%

Markets can deliver 15-20% CAGR return over the next 5 yrs: Pankaj Murarka

There is deep value in many PSU stocks as they have had significant valuation derating over the last 10 years

BPCL, Shipping Corp: Analysts bullish on PSU stocks on divestment hope

As per government disinvestment plans two public sector banks (PSBs) and one general insurance company is to be privatised in fiscal 2021-22 (FY22) and aims to raise Rs 1.75 trillion.

BSE PSU index hits 16-month high, surges 27% since Budget

Hindustan Copper, RCF, MMTC, NBCC, Indian Overseas Bank, Bank of Maharashtra and Bank of India have rallied more than 50% in past one month.

Amid privatisation buzz, Nifty PSU Bank index extends gains to 42% in Feb

On Thursday, the Nifty PSU Bank index, a gauge for the performance of state-owned banking stocks, rose 5.6 per cent

Markets to remain strong on bottom-up opportunities: Bernstein MD Garre

The equity markets will remain strong from the perspective of bottom-up opportunities, said MD Garre

BPCL, IRCTC: 5 PSU stocks to include in your portfolio ahead of Budget 2021

PSU stocks like IRCTC, BPCL, RCF, and RITES have not seen aggressive selling pressure. A small recovery may see a strong bullishness going forward

Stock-specific approach to investing in PSUs will yield returns: Experts

Attractive valuations not enough to be positive on the entire sector, say experts

Five things the market will be watching in FM Sitharaman's third Budget

It has reacted negatively to her previous two budgets. This time too, it has come off over 5 per cent from the highs

Fund managers ask govt to take steps for addressing poor show by PSU stocks

Many stocks in this group are grossly undervalued, the fund managers told the Centre

Play markets for medium-term, diversify across asset classes: Amit Khurana

IT Services has been the biggest beneficiary of Covid-19 pandemic and is now a mainstream growth driver rather than a one-off line item

Divestment news attracts investors to govt companies; PSU stocks gain

Half a dozen PSU stocks have gained over 15% each

PSU stocks still on shaky ground as call for privatisation intensifies

In the past decade, total market cap of top 17 PSUs has dropped 41% vis-a-vis a 91% rise in Sensex

Nifty could shed 22% if lockdown is extended till May: Axis Securities CIO

In a Q&A, Naveen Kulkarni says earnings growth for F21 could go down to minus 15 per cent, depending on the extent of extension

Explained: How PSUs became the biggest laggards on Indian bourses

Government companies' numbers look even worse if State Bank of India is excluded. SBI has been an outperformer with 18.4 per cent annualised growth in market capitalisation in last three-years.

India is beginning to look like a tired proposition: Ashmore's Jan Dehn

After the election-related fiscal blowout, India needs to scale back fiscal spending and roll out aggressive reforms

Indian Telephone Industries plans to raise Rs 1,600-crore through FPO

Proceeds of the issue will be utilised towards working capital requirements, repayment of loan taken by the company, and for general corporate purpose

Investors may be losing interest in PSU stocks as they reassess feasibility

Market players say privatisation buzz, hopes of hefty dividends post tax cut, and buyback arbitrage had kept many of the PSU counters ticking