StatsGuru: Taking stock of the government's disinvestment target

The government is hopeful that it will sell a considerable amount of its stake in public sector companies to fund its spending this year.

1: GOVERNMENT HAS A BIG STAKE IN COAL INDIA | Create Infographics

As Table 1 shows, it has big stakes in Coal India and NHPC, and smaller ones in the Container Corporation and ONGC. It will take heart from the position of PSU stocks as compared to the index.



As Table 2 shows, overall PSU stocks have not done as well over the past five years as the Sensex.



But in recent months, as Table 3 shows, they have handily outperformed the Sensex.



Some PSUs have lost a great deal of value over five years, as Table 4 shows - MMTC stands out.



But, over the past few months, even MMTC has seen an uptick in its stock price, as Table 5 shows. The government's disinvestment target will depend on a buoyant market.



As Table 6 shows, FIIs are determined, for now at least, to support Indian equities. Still, the odds are against meeting the target.

7: ITLL BE DIFFICULT (AND IS RARE) TO MEET TARGETS | Create Infographics

 
As Table 7 shows, it is rare to do so, whether under the NDA or the UPA.