PSU investors wealth surges Rs 1.89 lakh cr last week
The market capitalisation of 48 PSUs have spurted by a whopping Rs 1.89 lakh crore in the past five trading sessions, with these state-run companies suddenly turning investors" darling. - Incredible India struggles for an incredible recovery - More follow-on required - "India to lead IPO recovery by year-end" - PSU stocks gain as Sensex logs first weekly gain in three weeks - Left opposes "PSU stakes divestment" move - I never got it! The total market capitalisation of the PSUs on the Bombay Stock Exchange"s PSU index soared by Rs 1.89 lakh crore to Rs 17,40,573 crore in mere five trading sessions since November 5 when the Cabinet said that public holding in listed state-run companies will be at least 10 per cent. Marketmen said government"s decision had bolstered the sentiment on PSU shares. "The investment appeal of PSUs have gone sky high after the government decision. Investors feel their portfolio will look much more attractive with more of PSU shares as their valuations are bound to go up with the planned FPOs," a market observer said. PSU shares like MMTC and NMDC were the hot picks with investors. While trading company MMTC zoomed 20 per cent to hit the upper circuit level on Friday, largest iron ore producer NMDC followed suit and gained 19.99 per cent yeterday. At the end of trade today, ONGC remained the largest PSU with a market capitalisation of Rs 2,46,109 crore. ONGC is followed by MMTC (Rs 1,88,450 crore), NMDC (Rs 1,82,852 crore), NTPC (Rs 177319 crore) and SBI (Rs 1,51,060 crore). Besides, other major gainers in the BSE PSU index were Neyveli Lignite which surged 15 per cent, Hind Copper (14.17 per cent), REC (5.49 per cent) and BEML (1.49 per cent). In the five days since the government decision, the benchmark Sensex had also shot up by nearly 6 per cent.payday loan commented:
This is really a big amount, i think so PSU investors wealth surges Rs 1.89 lakh cr last week.
26.11.2011
PaydayBank commented:
The investment regarding the PSU\'s have simply touched the heights of the sky after the decision made by the government, investors portfolio will be much more attractive and the valuation of PSU shares are bound to go up.
29.11.2011
Trade Forex commented:
The rise in PSU investor wealth has been due to the upbeat investor sentiment on government\'s decision to divest 10 per cent stake in the listed PSU entities.
05.12.2011
forex learning commented:
I also think that it is really a big amount, PSU investors wealth surges Rs 1.89 lakh cr. Investors are becoming aggressive.
09.12.2011
how to trade in forex commented:
I also think that it is really a big amount, PSU investors wealth surges Rs 1.89 lakh cr. Investors are becoming aggressive.
09.12.2011