PSU share price target

With refineries in Gujarat, private retailers will predominantly target adjoining markets and highways given limitation in setting up oil marketing infrastructure. Nayara Energy Limited (NEL; erstwhile Essar Oil) FY21 Annual Report throws interesting light on the fuel retailing Industry in India. With 6,059 retail outlets as on FY21 end, NEL is India's largest private fuel retailer with 6.1% market share. It's FY21 retail volumes were up 3% YoY vs 9%YoY industry degrowth due to pandemic and segment EBIDTA was at $410mn. Nayara plans to increase the retail store count to 7,600 over next three years. We believe,...

Government turning towards PSU's cash for the increasing funds requirement; Opportunity for the Investors; For Stock Selection; For Scenario Analysis of potential Candidates

Market extended losses in the last couple of hours of trade on Friday, falling more than 340 points intra-day despite positive global cues. Selling was seen across sectors; major losers were...

The Indian Banking system had a bouquet of adequate laws to deal with the NPA menace particularly The Insolvency and Bankruptcy Code, 2016 and the strengthened SARFAESI Act and DRT law.

The Government of India has announced a divestment in its stake in central public sector enterprises (CPSE) through the ETF route via a further fund offer (FFO) in the CPSE ETF.