Important news for BPCL investors: Anil Singhvi decodes Numaligarh stake sale, says set to get top valuation
Big news for investors of BPCL. The company will be selling its stake in Numaligarh Refinery as was reported previously by Zee Business. Zee Business Managing Editor Anil Singhvi has been bullish on PSU stocks. The Market Guru has said that this year belongs to PSU company stocks. There is government focus on PSUs now and it will aggressively stick to timelines
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Big news for investors of BPCL. The company will be selling its stake in Numaligarh Refinery as was reported previously by Zee Business. Zee Business Managing Editor Anil Singhvi has been bullish on PSU stocks. The Market Guru has said that this year belongs to PSU company stocks. There is government focus on PSUs now and it will aggressively stick to timelines. This could trigger a rerating of government companies.
BPCL will likely sell its stake in Numaligarh Refinery at Rs 9880 cr. The government is working very aggressively on divestments. Government is the promoter in the state-run companies.
See Zee Business Live TV Streaming Below:
State-run companies like BPCL, Shipping Corporation of India, BEML, CONCOR etc will either be privatised or there will be asset monetisation.
Any company which buys BPCL will target a higher return than what the government is making now.
Watch Zee Business Tweet Video Below:
BPCL के निवेशकों के लिए बहुत जरूरी खबर
BPCL नुमालीगढ़ रिफाइनरी में बेचेगी अपना हिस्सा...
ज़ी बिज़नेस की खबर पर मुहर...
अनिल सिंघवी- निजीकरण के बाद सरकारी कंपनियों की होगी री-रेटिंग, मिलेंगे तगड़े वैल्युएशंस...#ZBizExclusive #BPCL @AnilSinghvi_ pic.twitter.com/Ri6uTWRgxD
— Zee Business (@ZeeBusiness) March 2, 2021
After the privatisation, the company will no more be a government company. This will trigger a rerating in the company. If anybody is willing to divest in the company now has to see the company from the post-divestment perspective. The investors will have to see what the new promoters bring to the table.
Strategy for BPCL investors
The Managing Editor said that anybody who is holding the BPCL stock should hold it with a long term perspective.
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