In Q4FY22, CPCL reported four-fold jump in its consolidated net profit at Rs 1,002 crore as against Rs 242 crore in Q4FY21.
These 5 PSU stocks can jump as much as 25 per cent from the current levels, provided the overall market momentum stays strong
PVR and INOX Leisure are likely to be in focus after the two mega multiplex owners announced an all-stock merger on Sunday.
With the exception of SAIL, other PSU stocks could breakout upon any positive news in the sector
Measure seen as a bid to boost investor confidence in PSUs stocks
Brickwork Ratings said it will continue to monitor the strategic disinvestment process of BEML and take appropriate rating action as and when necessary
After touching Rs 1 trillion intraday on Tuesday, the firm's m-cap ended around Rs 71,000 crore on Wednesday
In the last 10 years, though PSU stocks have gained ground, they have mostly been laggards at the bourses
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.
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
But share in total m-cap languishes below 10%, lower than long-term average of 13%
There is deep value in many PSU stocks as they have had significant valuation derating over the last 10 years
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.
Hindustan Copper, RCF, MMTC, NBCC, Indian Overseas Bank, Bank of Maharashtra and Bank of India have rallied more than 50% in past one month.
On Thursday, the Nifty PSU Bank index, a gauge for the performance of state-owned banking stocks, rose 5.6 per cent
The equity markets will remain strong from the perspective of bottom-up opportunities, said MD Garre
PSU stocks like IRCTC, BPCL, RCF, and RITES have not seen aggressive selling pressure. A small recovery may see a strong bullishness going forward
Attractive valuations not enough to be positive on the entire sector, say experts
It has reacted negatively to her previous two budgets. This time too, it has come off over 5 per cent from the highs
Many stocks in this group are grossly undervalued, the fund managers told the Centre