tocks of listed public sector undertakings (PSUs) that could be potential candidates for divestment rallied today on the stock exchange after the government on Thursday tweaked norms to raise money on the stock exchange.
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* Govt's new divestment programme may fetch about Rs 20000cr
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The Cabinet yesterday ruled that all listed central PSUs should increase public holding to 10% and all unlisted profitable state-owned entities should go public.
Stocks of several listed PSUs like MMTC, Hindustan Copper, NMDC, Nevyeli Lignite National Fertilisers and STC India rallied anywehere between 4% and 16%, on opening trade at the National Stock Exchange (NSE).
A quick CNBC-TV18 analysis reveals the government may yield a bonanza of about Rs 20,000 crore via its new divestment plan.
Here’s the list of PSU stocks that rallied today, at 10.10 am
PSU Companies
Price
Prev Close
% Chg
MMTC
33601
30122
11.55
Hindustan Copper
256
233
10
NMDC
338
307
10
HMT
63.5
57.75
10
Andrew Yule
54.6
49.65
9.97
FACT
22.45
21.4
4.91
National Fertilisers
60.3
55.15
9.34
Scooters India
20.35
18.5
10
Neyveli Lignite
135.5
131
3.44
ITI
41.75
38.7
7.88
RCF
71.55
65.9
8.57
STC India
357
308.25
15.82
Related News
* Govt changes stake sale rule to cut fiscal deficit
* Govt's new divestment programme may fetch about Rs 20000cr
RSS feed for news Click here
The Cabinet yesterday ruled that all listed central PSUs should increase public holding to 10% and all unlisted profitable state-owned entities should go public.
Stocks of several listed PSUs like MMTC, Hindustan Copper, NMDC, Nevyeli Lignite National Fertilisers and STC India rallied anywehere between 4% and 16%, on opening trade at the National Stock Exchange (NSE).
A quick CNBC-TV18 analysis reveals the government may yield a bonanza of about Rs 20,000 crore via its new divestment plan.
Here’s the list of PSU stocks that rallied today, at 10.10 am
PSU Companies
Price
Prev Close
% Chg
MMTC
33601
30122
11.55
Hindustan Copper
256
233
10
NMDC
338
307
10
HMT
63.5
57.75
10
Andrew Yule
54.6
49.65
9.97
FACT
22.45
21.4
4.91
National Fertilisers
60.3
55.15
9.34
Scooters India
20.35
18.5
10
Neyveli Lignite
135.5
131
3.44
ITI
41.75
38.7
7.88
RCF
71.55
65.9
8.57
STC India
357
308.25
15.82