Introspect reasons for low market valuation: DIPAM secy to state-owned cos

Tuhin Kumar Pandey urges CPSEs to constantly engage with investors in a bid to yield better share prices

DIPAM Secretary Tuhin Kanta Pandey said on Friday that the central public sector enterprises (CPSEs) should do introspection about low stock market valuation and constantly engage with investors in a bid to yield better share prices.

“A point of concern has been that between March and November while Sensex and Nifty have risen about 50 per cent, we have got a rise of only 19 per cent in the BSE-CPSE index. It’s falling behind Sensex. Of course, it consists of sectors doing well post-pandemic but in general, we have a problem of PSU stock valuation in the market,” Pandey said