Divestments to keep focus on PSU stocks

Shares of Government-owned companies will come under renewed focus on Thursday as the new Government presents the Union Budget. The Centre has identified blue-chip companies such as Coal India, SAIL, ONGC, National Hydroelectric Power Corporation, Rural Electrification Corporation and Power Finance Corporation, among others, for stake sale this fiscal. The Government also plans to go ahead with the sale of its stake in Hindustan Zinc and Balco.