Although the entire PSU sectors
have been milked dry in last 10 years and are suffering due to massive
political interference, one sector has suffered absolute government apathy. Oil
and Gas sector has seen total destruction in last 10 years but is now showing signs
of revival.
I expect the entire PSU sector to
perform well under the new BJP government which had given maximum autonomy to
PSU companies in past (remember Vajpayee era when for the first time people
started believe in the quality of PSU stocks) and Mr. Modi’s track record with
state PSU companies.
I like Oil and Gas stocks and I
feel that they can move up by 50% to 100% from current levels. Following PSU stocks you can pick for your portfolio.
I am also expecting power companies to
well under the new govt.
1. BPCL
– target 1000
2. HPCL
– target 800
3. GAIL
– target 600
4. ONGC
- target 500+
5. IOCL
– target 600
6. COAL
INDIA - target 400+
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