3 PSUs that Geojit BNP Paribas Recommends with up to 27% Upside

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3 PSUs that Geojit BNP Paribas Recommends with up to 27% Upside
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- In June, brokerage firm Geojit BNP Paribas (NS: GEOJ ) recommended three PSU (public sector unit) stocks that had an upside of over 20% each. Here’s the rationale behind the recommendations and let’s see if they have any juice left in them:

  1. NTPC Ltd (NS: NTPC )

Target: Rs 140

Current price: Rs 116.65

Possible percentage gain: 20%

Rationale: We remain positive on the stock as NTPC continues to focus on massive capacity addition from the current level in the coming periods. Additionally, a gradual recovery in demand will support the company’s topline.

  1. Power Grid Corporation of India Ltd (NS: PGRD )

Target: Rs 276

Current price: Rs 230.55

Possible percentage gain: 20%

Rationale: We expect the business to perform well in the short to medium term as the demand from the transmission and telecom business will continue to grow. An increase in the number of projects along with the adoption of the latest technologies by the management should help reduce costs and aid margin expansion.

  1. GAIL Ltd (NS: GAIL )

Target: Rs 193

Current price: Rs 151.9

Possible percentage gain: 27%

Rationale: Enhanced domestic gas production coupled with a focused approach towards a gas-based economy through prospective commissioning or expanded pipelines to further improve volumes and profits. Additionally, crude’s positive leverage should support prices in the near term.

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  • kalyan singh @kalyan singh
    What is the time frame ?
    Like 5
  • devesh agrawal @devesh agrawal
    PSU banks prospects any suggestions.?
    Like 0
  • devesh agrawal @devesh agrawal
    PSU banks prospects any suggestions?
    Like 1
  • devesh agrawal @devesh agrawal
    PSU Banks prospects?
    Like 1
  • devesh agrawal @devesh agrawal
    PSU Banks prospect s?
    Like 2
  • arvind bhalsod @arvind bhalsod
    Thanks sir.Very nice.
    Like 2

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