It’s no secret and the buzz is already out, we are yet again staring at THE GREAT INDIAN PSU SALE 2010, with a virtual free hand in the parliament the biggest operator (the Government...chk the PSU market share here) is all set to unleash a mega sale!
- PSU stocks hogged limelight with divestment being the flavor of the season. The government aims to sell stakes in about 60 firms in coming years. The Congress Party-led coalition government, re-elected for a second 5-year term last May, accelerated the stake sale process and has already sold shares in NHPC and Oil
- Investing in public sector companies could be rewarding as the government is speeding up the divestment process and taking measures to give them a free hand. (Business Standard)
- The public sector undertaking (PSU) stocks gained between 1 per cent and 7 per cent on reports that the government plans fast-track disinvestment of three firms and aims to complete the process by the end of the current financial year. Rural Electrification Corporation (REC) was up 5 per cent to Rs 252.50, NMDC was up 3.6 per cent to Rs 434 and NTPC was up 1 per cent to Rs 233.10 on BSE. (Business Standard)
- Government to sell stake in 60 companies (The Economic Times)
- Two out of every three PSU stocks outperformed the Sensex in the past month (Live Mint)
I have already posted my views on NTPC in an earlier post, another interesting read on MTNL is here! Now the big question is with so much at stake for the Government…Are our markets behaving rational…ahem…I guess I’ll leave it here and let you make your own assumptions! A better advice is JUST FOLLOW THE PRICE AND PLAY!!!
No comments:
Post a Comment