Prabodh Agarwal, IIFL says the Government's announcements of deregulation of diesel prices, framework for LPG subsidy reduction, and increasing domestic gas prices re-affirm our belief in the present regime's strong reformist credentials.
He believes more key initiatives are in the works and should be unveiled in coming days. "Our top six PSU picks include ONGC, Coal India, SBI, Power Grid, REC and Bharat Electronics," he adds.
Also read: President clears ordinance on e-auction of coal blocks
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
