Canara Bank To Indian Oil: PSU Stocks In Limelight — Should You Buy, Sell, Or Hold?
Brijesh Ail from IDBI Capital, Saurabh Jain from SMC Global Securities, and Ajit Mishra from Religare Broking shared their insights with NDTV Profit.
NHPC Ltd., Canara Bank, and Indian Oil Corp. were among public sector undertakings on analysts' radar on Monday.
PSUs are companies that are owned by the government. The government has to have at least 51% stake in the companies for them to be considered public undertakings.
Brijesh Ail from IDBI Capital, Saurabh Jain from SMC Global Securities, and Ajit Mishra from Religare Broking shared their insights with NDTV Profit.
Canara Bank
The PSU bank traded largely green on Monday, as per NDTV Profit data.
"The banking index has been sitting on the sidelines for almost a month now, banks are trading on a very tight range. But PSUs, on the other hand, from last week onwards are seeing some strong traction," Ajit Mishra noted. He advised holding the stock.
Indian Oil Corporation
With global crude prices on the rise, Saurabh Jain suggests that IOCL is good to hold for short term gains, even when valuations are low.
NHPC
NHPC got a buy call from Saurabh Jain for long term gains. "We expect lot of capacity is going to be operationalised in the next few years. The company is expecting to do well."
Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.
