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PSU stocks continue to be a preferred bet among ace investors

As markets look expensive across the board, the PSU basket appears attractive just because of the relatively low valuations.

November 16, 2021 / 09:18 AM IST
 
 
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Public sector companies are finally getting their fair share of attention, partly bolstered by the government’s resolve to push through disinvestments.

Top investors present at the Moneycontrol Muhurat Roundtable picked the PSU basket as a good hunting ground for value that could deliver decent returns in the coming year.

The government has shown its serious intent for taking the privatisation route for public sector undertaking (PSUs). The disinvestment of Air India has been a big feather in the cap for government. This has been well received by the overall market participants which, however, was not the case earlier.

“The government has shown that it has the ability to make the hard decisions. I didn’t get a whiff of complaint anywhere when we privatised Air India,” Ramesh Damani, founder of Ramesh S Daman Finance Pvt Ltd, said.