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PSUs in focus: Coal India may hit new all-time high; BPCL could fall 11%

Stocks like Bharat Petroleum Corporation and Hindustan Petroleum Corporation linger in bear territory

Markets roar back after Budget shock; Sensex zooms 917 pts, Nifty at 11,980
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Avdhut Bagkar Mumbai
PSU stocks are on investors radar amid contrasting news flow. While, on one hand, the government has approved stake sale in Hindustan Zinc, it has called off privatisation process of BPCL for the time being.

ALSO READ: Govt calls off BPCL privatisation process, will do 'comprehensive review'

On its part, the Nifty PSE (Public Sector enterprise) is presently hovering around major support level, which it has held since January 2021. Any pullback could see robust rally with major stocks seeing sharp gains.

There are a few stocks in the Nifty PSE index that continue to stay afloat

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First Published: May 27 2022 | 12:16 PM IST

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