Cabinet Secretary meeting on Asset Monetisation today: Discussion likely on monetisation of ITDC properties, GAIL pipelines, 44 railway stations – ITDC, GAIL, CONCOR shares up
Cabinet Secretary Rajiv Gauba will be chairing an important meeting on Thursday regarding the asset monetization programme of the Government. Zee Business have exclusively accessed the agenda of the meeting. The meeting is scheduled at 3 pm and three important issues are likely to get discussed. Chetan Bhutani has this exclusive report
The Cabinet Secretary Rajiv Gauba will be chairing an important meeting on Thursday regarding the asset monetization programme of the Government. Zee Business have exclusively accessed the agenda of the meeting. The meeting is scheduled at 3 pm and three important issues are likely to get discussed. Chetan Bhutani has this exclusive report.
Bhutani tells that monetisation of properties related to Indian Tourism Development Corporation Limited (ITDC) will likely be discussed during the meeting.
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Two prime properties in Delhi – The Ashok and Hotel Samrat could be part of the discussion for monetization. Five other properties are likely to be discussed, he added.
The monetization of pipelines of GAIL (India) Limited is also likely to come up for the discussion during the meeting, Bhutani said.
Another matter that could come up for the discussion is the monetization of 44 railway stations of the Indian Railways. The monetization of these stations will be done via Indian Railway Stations Development Corporation Limited (IRSDC).
IRSDC is a Special Purpose Vehicle and a Joint Venture company of Rail Land Development Authority (RLDA), a Ircon International Limited (IRCON).
Another important matter that could come up for the discussion is the shortages of containers being faced by the businesses, Bhutani said citing his top sources. The Container Corporation of India (CONCOR) is a very important stakeholder in this, Bhutani added.
The process of asset monetization is expected to further pick up pace after this meeting, Bhutani said.
Stocks to Buy – ITDC share - The shares of ITDC were trading at Rs 402 on the NSE on Thursday at 12:25 pm, up by almost 4.5 per cent or Rs 17 from the last closing price on the NSE.
Analyst Rakesh Bansal said that the technical structure of this chart is strong. He recommends a buy and puts the stop loss at Rs 385. He sees a resistance at Rs 416 and once this level is breached the target that should be achieved is around Rs 460, he added.
Stocks to Buy – CONCOR share – This stock was trading around Rs 738.45 on the NSE around this time, up by almost 0.4 per cent from the Wednesday closing price. Analyst Kunal Sarogi said that the counter is looking strong. He recommended a buy in this stock. Saraogi said that the shortage of containers is expected to continue which will benefit this company.
A big breakout has been seen at Rs 720. He puts the target price at Rs 800 and the stop loss at Rs 723.
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कैबिनेट सचिव आज दोपहर 3 बजे एसेट मोनेटाइजेशन पर करेंगे बैठक, ITDC के होटल अशोक और सम्राट के साथ अन्य 5 एसेट पर होगी चर्चा
IRSDC के जरिए रेल्वे स्टेशन का भी मोनेटाइजेशन- सूत्रों के हवाले से खबर#ITDC @AnilSinghvi_ @BhutaniChetan pic.twitter.com/XSUNmYaXO4
— Zee Business (@ZeeBusiness) September 9, 2021
Shares of GAIL (India) were up 0.4 per cent and were trading at Rs 145.70.
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