Image Source (ET Market)
Mumbai: The topmost Public sector companies’ shares are getting very cheaper, including GAIL, BPCL, HPCL, State Bank of India, NTPC, Coal India, Power Grid Corporation.
In the previous month there is an increase of 20 to 30 percent in shares of SBI, Power Finance Corporation, GAIL, ONGC, REC, and Engineers India and BEML, Cochin Shipyard, Indian Oil, Bharat Electronics and NTPC have gained 10 to 15 percent.
“Nifty PSE and Nifty PSU banking are looking up.” Both indices remain above their 200 DEMA (double exponential moving average) on the weekly chart, Siddharth Khemka, Head (Retail Research), Motilal Oswal Securities said.
When there is a fall in the returns of fixed deposits and money market funds, the dividend yield of PSU shares automatically attracts. which leads to the investor’s interest in stocks.
Currently, PSUs are becoming a good option in terms of investment for the investors.
Posted Date : 10-12-20
Categories : PSU NEWS
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