NTPC, IRCTC, Coal India: How to trade PSU stocks ahead of Budget 2022?

With the exception of SAIL, other PSU stocks could breakout upon any positive news in the sector

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PSE stocks

Avdhut Bagkar Mumbai
The Budget 2022 may shower pro-policies for the public sector units (PSUs) – that’s what traders and investors expect. The stock market may not oblige any subdued commentary for public unit related schemes. While the overall current scenario suggests an indecisive market, any positive developments in Budget 2022 could push several stocks higher resulting in a breakout.  
 
Bharat Heavy Electricals Ltd (BHEL)
Outlook: Indecisive – trading in a band

The shares of Bharat Heavy Electrical Ltd failed to sustain above the 200-day moving average (DMA) and struggled to break through the resistance of Rs 65. The current

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First Published: Jan 31 2022 | 11:47 AM IST

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