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Divestment likely to keep PSU stocks on investor's radar, say analysts

Analysts remain bullish on stocks of public sector undertakings (PSUs), especially the ones that are likely to be divested, and suggest investors accumulate them at the current levels from a medium-to-long term perspective. “There are a lot of PSU stocks that have not participated in the market rally. The fall from their peak levels is a good opportunity to buy from a medium-to-long term horizon. I am confident that the government will be able to achieve fiscal 2021-22 (FY22) divestment target. Due to the ongoing second wave of Covid, it may dole out some relief measures, which wil.....

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