NTPC Ltd., Indian Railway Catering And Tourism Corp., and Indian Bank were among public sector undertakings on analysts' radar on Tuesday.
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.
Swati Hotkar from Nirmal Bang Institutional Equities and G Chokkalingam, Equinomics Research shared their insights with NDTV Profit.
NTPC
G Chokkalingam considered NTPC to be a good buy at the current level. "It's quite a decent stock to consider for long term, even for medium to long term."
Indian Bank
With the PSU bank sector booming in the market, Swati Hotkar suggested to not buy shares of Indian Bank at the current levels of Rs 675.15. "All the PSU banks are really doing very well. Indian bank is trading at an all time high. Levels between 625-620 are attractive to buy because risk reward ratio will be favourable. Don't buy at current levels."
IRCTC
For long term gains, G Chokkalingam considers IRCTC to be a good option to hold. "Currently, the correction of nearly 30% from the 52-week high makes it attractive for long term investment."
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
