Public sector undertakings are companies that are owned by the government across various sectors. The government has to have at least 51% in the companies for them to be considered public sector undertakings.
What Are Some Well-Known PSU Companies And Their Stocks?
Bharat Heavy Electricals Ltd., Steel Authority of India, Union Bank of India, Coal India Ltd., Railtel Corp. and so on are among the prominent PSUs.
Nalco, Hind Copper
The Nifty Metal is all the rage with Nirav Asher, equity research analyst at Latin Manharlal Sec Pvt., and Vaishali Parekh, vice president, technical research at Prabhudas Lilladher Pvt., backing up National Aluminium Co and Hindustan Copper Ltd. as well.
"Nalco has been showing some strength as of late. It looks attractive. Can reach the 188-190 range," Parekh said.
"The valuations for Nalco and Hind Copper look attractive," Asher said.
NTPC Green
The winds are not favouring NTPC Green. Asher recommends 'Sell' and a probable shift to Inox Wind Ltd.
Rail Vikas Nigam Ltd.
Asher believes that the RVNL story seems promising. He suggests keeping faith and holding the stock. "We have seen a couple of quarters where there was a lull, but in Q4 we have seen a revival of fortunes. Margins are improving and bouncing back."
State Bank of India
The experts are divided on this public sector bank. Asher suggests selling the stock and says, "SBI will give slow returns, sell and go for ICICI".
"Banking sector is doing very well even though the PSU banks aren't showing that great a movement. Technically SBI is very well placed," Parekh said, recommending a 'hold'.
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.
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