NBCC To SJVN: PSU Stocks In Limelight — Should You Buy, Sell, Or Hold?
Mahesh M. Ojha from Hensex Securities and Ravi Singh, senior vice president, retail research at Religare Broking shared their insights with NDTV Profit.
Mazagon Dock Shipbuilders, SJVN Ltd. and NBCC Ltd. were among public sector undertakings on analysts' radar on Friday.
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.
Mahesh M. Ojha from Hensex Securities and Ravi Singh, senior vice president, retail research at Religare Broking shared their insights with NDTV Profit.
Mazagon Dock Shipbuilders
Ojha suggested to hold the stock for long term gains. "If looking from a longer term perspective, the order book is very good. Three-five year horizon could be there. It will surely make money in long term," he stated. The stock's value is intact in the long term zone, he added.
The shipbuilder's share price had sailed through to hit a record high ahead of its fourth quarter results on Thursday. However, the stock has slumped as low as nearly 9% on Friday, as its net profit declined 51% and margins contracted. Margin was at 2.8% versus 16.9% and profit decreased to Rs 325 crore from Rs 663 crore in the year ago period.
SJVN
SJVN too released its fourth quarter results on Thursday and reported losses despite an uptick in the revenue. Revenue was up 4.5% to Rs 504 crore versus Rs 483 crore in the year ago period. But the company fell into a loss of Rs 127.6 crore after reporting a profit in the same quarter last year.
Ojha advised to hold the 'Navratna' PSU for a short term period and be watchful for improvement. He suggests to average out in the Rs 90-92 range.
NBCC Ltd.
Both Ojha and Singh maintained a 'buy' call for NBCC. Mahesh advised to buy for 112-114 zones, while Singh suggested buying it at Rs 116 levels as well, since "they have enough potential".
NBCC reported a 29.3% jump in consolidated profit for the fourth quarter of financial year 2025. Revenue from operations rose to 16.2% at Rs 4,643 crore from Rs 3,996 crore in the comparable quarter last year.
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