Have the good times come and gone?

Heavy Industries Minister Praful Patel has said it was not a good time to sell profit making PSUs such as BHEL. BHEL is one of the three large state-owned players that were cleared for disinvestment over a year ago. However, due to various reasons including volatile market conditions these issues have not hit the market. An analysis by Business Standard shows  the government is likely to raise a little over Rs 8,000 crore if it goes ahead with the proposed divestments in SAIL, Hindustan Copper and BHEL at current prices. While this is 57 per cent less than what the government would have raised if the plans had been executed when they were originally cleared and 35 per cent below the amount realisable on their 52-week highs, it is 17 per cent higher than what the government would have realised if the shares were sold at their 52-week lows. Here are the different scenarios: