NAVRATNA PSU COAL INDIA
Year-ender 2024: RVNL among top 10 best performing PSU stocks this yr. Can they retain momentum in 2025?
PSU stocks, including RVNL, Cochin Shipyard, and Mazagon Dock, saw substantial growth in 2024, outperforming benchmark indices. Driven by low valuations, revenue visibility, and improved performance, some became multibaggers. However, Q1FY25 earnings disappointments led to a recent downturn. Analysts predict market volatility in 2025 but remain optimistic about PSU sectors tied to government spending.
Coal India spends Rs 1,209 cr on solar projects
Coal India Ltd (CIL) has invested Rs 1,209 crore in 661 MW of ground-mounted solar power projects and aims to reach 3,000 MW by 2027-28. Measures like on-site engineer deployment are ensuring project progress. Singareni Collieries and NLC India have also invested significantly in solar projects, totaling Rs 1,182.60 crore and Rs 6,723.59 crore, respectively.
CIL's CSR expenditure crosses Rs 5,570 Cr in 10 years
Coal India invested Rs 5,570 crore in community development over the last ten years. The company supported education, healthcare, and skill-building programs. West Bengal's Governor commended Coal India's positive impact on tribal areas. The Coal Secretary urged coal companies to prioritize community needs. A theme-based CSR calendar was suggested.
Retail investors lost interest in PSU stocks in Q2. Is it too early to sell?
Retail investors reduced their holdings in several PSU stocks during Q2 FY25 due to valuation concerns and election results. Despite the PSU index underperforming the Sensex over the past six months, some analysts remain optimistic about the sector's long-term prospects, citing government spending and growth in oil, gas, and utilities.
SBI, NTPC among 53 PSU stocks to see retail holding go up in Q3CY24 vs Dec 2023 quarter
Retail investor interest in PSU stocks surged during the first nine months of 2024, with 53 companies seeing increased retail holdings. Thirty-three of these outperformed the Nifty, boasting returns between 14% and 150%. While some experts advise caution, others see opportunities in sectors like defense and banking, particularly SBI and Bank of Baroda.
Q2 review: 14 stocks in BSE PSU index rebound from 52-week lows, 5 turn multibaggers
14 BSE PSU index stocks rebounded from 52-week lows after Q2FY25 earnings, with five emerging as multibaggers. NALCO led profit growth, while Coal India's revenue surged. The BJP's election results impacted performance, but some stocks like BEL and SBI remained positive. Analysts are bullish on select PSUs, particularly banks, citing undervaluation and growth potential.
BJP's Maharashtra win puts spotlight on PSU stocks; will momentum sustain till Budget 2025?
The BJP-led alliance's Maharashtra win has renewed interest in PSU stocks, with momentum expected to build ahead of the Union Budget. While 39 of 59 BSE PSU index stocks fell post-June, notable gainers include NALCO (+62%), Mazagon Dock (+49%), and NTPC (+20%). Experts see stock specific trade going ahead unlike a secular rally of the past.
BPCL, Coal India among 13 Nifty stocks with up to 80% YoY decline in Q2 PAT
Due to weak Q2 earnings, the Nifty reported a 4% year-on-year (YoY) PAT growth in 2QFY25, slightly exceeding the expected 3%, as per a report by domestic brokerage firm Motilal Oswal. This marks the second consecutive quarter of single-digit PAT growth since the pandemic (June 2020).
Slower, but bigger and more stable: 6 energy stocks which can give more than 26% returns in 1 year
The structural transformation in the auto sector is much talked about ¨C and given credit by the street. Another sector that has been undergoing a structural transformation ¨C though quietly ¨C is the energy sector. Few have noticed, but the large companies in the energy space ¨C whether in oil marketing, refining, or any other ¨C have been forming joint ventures or floating subsidiaries to get into New Energy areas. This transition is much bigger than in the auto space ¨C but a bit too slow to excite the street. Investors, however, better wake up to the development: It will be a more sustainable change, on much bigger balance sheets, and a longer runway of growth.
Include coking coal in the list of critical minerals: NITI Aayog report
NITI Aayog recommends adding coking coal to the critical minerals list. This move aims to boost domestic production and secure coking coal supply for the Indian steel industry. The proposal includes setting up two special purpose vehicles to expedite coal mining and logistics projects. NITI Aayog also suggests amending the Coal Bearing Areas Act for smoother private sector participation.
Coal India arm NCL plans to relocate township in MP having 600 MT of mineable coal underneath
Coal India subsidiary NCL is undertaking a major rehabilitation and resettlement initiative in Singrauli, Madhya Pradesh. The project involves relocating the entire Morwa township, situated atop a substantial coal reserve. NCL aims to commence compensation payouts by May, with the first phase focusing on vacating 572.5 hectares of tenancy land.
CIL has to ramp up production to higher levels, says coal minister as PSU enters 50th year
Coal Minister G Kishan Reddy urged Coal India Ltd to boost its production to avoid costly imports. As CIL marks its 50th year, the minister highlighted the need to ramp up coal production. CIL, which started in 1975, has grown significantly, and is expected to increase output even further in the future.
Nalco CMD Sridhar Patra retires
State-owned Nalco announced the retirement of Sridhar Patra, the Chairman-cum-Managing Director, who retired on October 31, 2024, upon reaching superannuation. He served as Director (Finance) of Nalco since September 2018. Patra's career spans over three decades in various Public Sector Undertakings including THDC India Ltd and Odisha Mining Corporation Ltd.
Where are PSU stocks headed & will banks make a comeback? Raamdeo Agrawal answers
Raamdeo Agrawal suggests investors should consider public sector and private sector stocks based on their merits, rather than distinguishing them. He highlights the strong performance of PSU banks and the revival potential of private sector banks. He also stresses the importance of balanced speculation in the market and praises promising management teams, especially in the digital sector.
PSU stocks showing technical weakness, says brokerage CLSA, sees downside risks
PSU stocks appear technically weak, with the BSE PSU index breaking below the 200-day moving average, indicating potential underperformance. Downside risks are noted in Coal India and Power Finance, with specific target levels for short selling and stop-losses highlighted by analysts from CLSA.
¡®Navratna¡¯ MTNL offers to pay 40% dues; PSU banks hang up
Several lenders have classified loans to Mahanagar Telephone Nigam (MTNL) as non-performing assets, leading the state-run telecom utility to propose a debt recast plan. MTNL's offer to pay 40% of dues was rejected by lenders. The company faces significant financial challenges, including missed payments and heavy debt.
CIL's coal production drops 12 pc in August
Coal India Ltd (CIL) reported an 11.9% decline in coal production in August, producing 46.1 million tonnes compared to 52.3 million tonnes in August last year. Despite this, production from April to August increased to 290.4 million tonnes from 281.5 million tonnes in the previous year. CIL's annual production rose 10% but missed its target for the fiscal year.
Should PSUs be considered an essential part of portfolio? Vikas Khemani answers
Over the last ten years, Indian public sector enterprises have shown major improvements in governance and operation, raising their market value. PSU banks have enhanced their return on equity to 16-17%. Defense and gas sectors are performing well, though oil marketing units still face hurdles. This shift has generated significant wealth for shareholders.
PSU stocks: Both mutual funds and FIIs just turned bearish on these 13 counters
Amid concerns over PSU valuations, both MFs and FIIs reduced their stakes in at least 13 PSU stocks in the June quarter, while small retail investors bought these stocks. Q1 data shows MFs sold stakes in 28 PSU stocks and FIIs in 30. Notably, retail investors increased their stake in HAL, a favorite defense PSU, despite MFs and FIIs reducing theirs.
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