what to buy: Stick with winners despite high prices, maintain asset allocation
Where within the PSU basket do you see opportunity or do you avoid this space? To be fair, I am still very circumspect on the PSU divestment process. We have seen BPCL take about one and a half years already and perhaps there’s another one year more to go. We have been talking about Air India divestment for ages and nothing has happened really. It is going to take some time. However, there is a lot of value. BPCL itself is perhaps valued at half of what it would be if it was a private company...
Source: indiatimes.com