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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

Tuhin Kanta Pandey, DIPAM secretary
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Pandey told the state-owned firms to look at improving the asset-turnover ratio and ensure high return on capital employed and on equity.

Somesh Jha New Delhi
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

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First Published: Nov 27 2020 | 5:35 PM IST

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