Business Standard

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.

Divestment, privatisation, stake sale, disinvestment
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Puneet Wadhwa New Delhi
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.

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First Published: Mar 22 2021 | 10:31 AM IST

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