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.

Stocks of listed public sector undertakings (PSUs) have had a good run at the bourses since the presentation of the Union Budget in February when the government reiterated its commitment to pare stake in select state-owned companies. Since then, the S&P BSE PSU index has outperformed the S&P BSE Sensex by gaining over 20 per cent as compared to around 8 per cent rise in the frontline index during this period, ACE Equity data show.

The government plans to privatise two public sector banks (PSBs) and one general insurance company in the fiscal 2021-22 (FY22) and aims