Boosting PSU stocks: GAIL, SBI, NTPC and others in focus
New Delhi: In the game of Privatisation and monetisation of PSUs, the main focus of the government is shifting towards the valuation and stocks of the big Central Public Sector Undertakings (CPSUs). Earlier speaking on the privatisation Shri Narendra Modi pushed his pitch on PSUs privatisation.
According to the Prime Minister's statement he mentioned, "the government has no business to be in business" which also states that privatising leads towards exciting opportunities, boosts investments, and creates more employment options.
"This can prove to be a very strong step taken by the government for improving the overall economy of the country," said Nitin Shahi, Executive Director of FINDOC, a financial services group.
Shahi believes privatisation will foster change in management style as they are running on an unchanged set of rules for the past so many years.
"Government, too, has limitations while making any profitable decisions. Private investors would be able to overcome these problems and the new management would be much more inclined towards making the company profitable which in turn will increase the overall efficiency of the corporation," said Shahi.
"More employment would be generated due to an increase in efficiency. There will be more work for everyone which would create a positive impact in boosting the national income of the country in the long-run," he said, (according to moneycontrol)
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