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MoF to sell stake in 6 listed PSUs

Posted on: July 17th 2009 in Stock News.

The Centre has already announced plans to sell stake in unlisted PSUs – NHPC and Oil India through an initial public offering of these companies. The Ministry of Finance on Friday announced that it was planning to sell between 5-10% stake in six PSU companies as part of the governm…

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Govt identifies 3 PSUs for disinvestment

Posted on: July 17th 2009 in Market News.

The Government of India has identified three public sector undertaking (PSU) companies for disinvestment. It will divest stake in Kudremukh Iron Ore, Manganese Ore and NMDC. Kudremukh is a listed entity with 1% market float, Manganese Ore is an unlisted company owned by the government of …

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Intraday calls for 03-07-09

Posted on: July 3rd 2009 in Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to open flat. Nifty has very strong support at 4200-4250 level. Buy Neyveli Lignite and Mindtree on Intraday dips. For short term one can accumulate Neyveli Lignite on dips. Govt holds 90% stake in the company and it is possible that govt will disinvest in this company. …

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The line-up for disinvestment

Posted on: June 7th 2009 in Press Releases.

By now, it is quite clear that the Government does have divestment of its stakes in PSUs high on its agenda for the next few months. That may well allow investors to buy into a whole range of offers from listed as well as new PSUs. Which companies are likely candidates? Here’s a line-up…

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