What are your thoughts on not just the oil sensitives but also the entire PSU pack at large?
The Budget set out the direction for disinvestment and this time the finance minister used the word “privatisation” which means they are a lot more ready for strategic sales and they have already announced their intention on different forums. So this is the faith which the market is keeping with the government and there is no question that there is a lot of value in most of the PSUs because they have been incredible businesses with a lot of depreciated value sitting in them and most are great franchises. The private sector could create a lot more value out there.
Read more about MIDHANI gains on issuing CPs worth Rs 50 cr to Union Bank of India on Business Standard. Mishra Dhatu Nigam (MIDHANI) gained 1.44% to Rs 197 after the PSU company said it raised Rs 50 crore by allotting commercial papers to Union Bank of India on a private placement basis.
Read more about BEL pays Rs 174 crore interim dividend for FY 2020-21 to defence ministry on Business Standard. The firm paid the dividend to the defence ministry, according to an official statement
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