Buzzing PSU shares: The Modi government is moving fast towards privatization, disinvestment and asset monetization. In such a situation, there is a great opportunity for investors to earn in the shares of some government companies.
BHEL share may reach Rs 97.
BHEL Share price: The stock market closed at a record high this week. There is a steady decline in new cases of corona as well as the vaccination program is gaining momentum. This has strengthened the confidence of FPIs and they have started investing money in the market again. The performance of government companies has been excellent for some time now. Be it public sector banks or public sector undertakings.
Investors’ interest in PSUs, PSBs has increased, due to which the momentum has increased in these shares. Keeping in mind the good results in the March quarter, the government’s plan for privatization and asset monetization, the brokerage house has also improved its estimates on these companies. In this article, we are going to tell you about 5 government PSUs (Public Sector Undertakings), about which experts are giving advice to buy.
There is still life left in some stocks
Experts say that even though the market is at its all-time high, some stocks are still alive. The five PSU stocks whose names have been suggested are BHEL, Power Grid, NBCC, HUDCO and GAIL. According to experts, the share of GAIL can reach Rs 190. At present it has closed at the level of Rs 163. The share of Power Grid is at the level of Rs 246, which is expected to reach 260-265.
BHEL likely to reach Rs 97
In a report published in Mint, Ravi Singhal of GCL Securities said that the stock of BHEL can be bought in the range of Rs 72-75 while it is expected to reach Rs 82. After crossing this level, it can reach Rs 88 and after that Rs 97. This week it has closed at the level of Rs 76.15.
Where can NBCC, HUDCO reach
Ravi Singhal said that NBCC can be bought in the range of 52-55. Its first target will be Rs 70. Stoploss is to be maintained at Rs.48. Shares of HUDCO can be bought in the range of Rs 50-53. The first target is Rs 59, then Rs 64. After crossing this level, it can reach Rs 74. Stoploss is to be maintained at Rs 47.
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