Shares of public-sector undertakings (PSUs) should be accumulated at lower levels after they took a beating on June 4, when Lok Sabha results gave a reduced mandate to the government, say analysts.
They argue that the stocks will continue being the prime beneficiaries of the government's focus on capital expenditure. "Significant investments in infrastructure, energy, and defence projects have created a predictable order pipeline for PSUs, boosting revenue streams. Furthermore, PSUs have demonstrated steady earnings growth, consistent dividend payouts and hold strategic importance in critical sectors, which strengthens investor confidence," said Ajit Mishra, senior vice-president for research at Religare Broking.
He said investors should take advantage of market dips in sectors with robust growth prospects, such as renewable energy, infrastructure and defence.
PSU stocks, down and up
When the Bharatiya Janata Party (BJP) fell short of a clear majority in Parliament on June 4, PSU stocks tumbled up to 30 per cent in intraday trade. Sensex and Nifty indices closed nearly 6 per cent lower each.
この記事は Business Standard の June 14, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Business Standard の June 14, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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