BHEL, GAIL, Hind Zinc & NALCO likely to be on selloff list: CLSA


BHEL, GAIL, Hind Zinc & NALCO likely to be on selloff list: CLSA

The government will likely need sizable privatisation income over the next five years given the fiscal pressures, with BHEL, GAIL India, Hindustan Zinc and NALCO likely to be the possible candidates, according to foreign brokerage CLSA.

PSU stocks with limited scope for privatisation such as ONGC, NTPC, Power Grid, Indian Oil Corporation, and Coal India, may continue to face selling pressures.

“The government has earned $12 billion via PSU stock sales through ETFs in the last three years and fear of more such sales will put supply pressure in the market on non-disinvestment candidates,” said CLSA.

However, the chances of the government concluding the BPCL privatisation before the end of the current financial year is challenging, the brokerage said. Read More

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