In the last many months we have seen lot of criticisms on PSU companies and the government actions. Given the fact there is not a problem with the inherent value in lot of PSUs the issue is more with the governments inaction and bad policies.
If at all government would start functioning or come out with reforms in PSUs we may actually see some of them outperforming markets in a big way.
HPCL,BPCL, ONGC, SJVN, NHPC, NTPC are some names which look interesting. Have been avoiding PSUs for many years now but just get a gut feel for the next couple of years.
Would like comments from the readers on this. For now have no long bias apart from HPCL and BPCL which i like.
Happy Investing,
Nooresh
July 16, 2012
Like NMDC as a stock in PSU> It benefits hugely from the US $ depreciation considering its exporting a good chunk of its production. Relatively insulated business.
July 17, 2012
Yes NMDC and also GMDC look very good
July 16, 2012
WHY NOT DAILY MOVING PSUS LIKE
STC HINDCOPPER HMT ITI
July 17, 2012
Well those are purely gambles 🙂
July 16, 2012
Sir
Have 3 lots of HPCL @352
Please suggest
July 17, 2012
Stoploss hit as a trader exit
July 16, 2012
Very good contra view. After seeing your blog I checked all the stocks quoted by you and found ONGC making cup and handle for target of 350-360 yet to breakout 295 with volume. As for as BPCL and HPCL are concerned they are already on uptrend.
NTPC may face lot of resistance at 164 around 200 DEMA.
NHPC has got better pattern and also looks good risk reward. We can buy this around 18 with SL at 17 for target of 20 and 24.
Thanks for guiding us with out of the box thinking.
July 17, 2012
Yes watching a lot of PSU for a little longer term view.
July 16, 2012
Hi Nooresh,
I am holding RIL @ 950 from quite a long time(approx 25% loss), but can’t see any upside. Please suggest what should I do. Book losses and enter into any PSU stocks?
I am holding NTPC @175.
Regards,
Sandeep
July 17, 2012
Will suggest you to average at 680-720 and exit on rise.
July 17, 2012
power grid is my choice
July 22, 2012
What about ioc and mrpl?How come these are missing on that list?
July 23, 2012
Not tracking them closely.Looking into chennai petro.