Page 7 - Psu Stocks
PSU stocks lose steam while market holds
Stocks of public sector undertakings (PSUs) have begun to fall, even as the overall market has managed to hold its own. The PSE index on the National Stock Exchange has lost nearly eight per cent over the past month; the NSE PSU Bank index has dropped 11 per cent. While its benchmark index, the Nifty, has gained 1.5 per cent in this period.State-owned companies in the banking and commodity space have borne the brunt. While the banking sector has been weighed down by bad loans, a fall in global commodity prices has adversely impacted the latter.Bank of India and IDBI Bank are the top losers among PSUs, both down a little over 20 per cent in the past month. Shares of Bharat Heavy Electricals and Power Finance Corporation fell 19 per cent and 18.4 per cent, respectively. Oil and Natural Gas Corporation and GAIL lost 10.4 per cent and nine per cent each.Market participants expect the stocks of state-owned banks to be under pressure in the near to medium term. with the Reserve Bank of ...
 "PSU stocks lose steam while market holds")
10 PSU stocks to watch out for
PSUs are generally known for stable returns, near debt-free status and dividend track record
 "10 PSU stocks to watch out for")
Centre may return to OFS for divestments
Buybacks may lose appeal as PSU stocks rebound
 "Centre may return to OFS for divestments")
PSU stocks find renewed interest
BSE PSU index rallies 10% in one month; nearly a third of the stocks on the index has gained 20% over the period
 "PSU stocks find renewed interest")