PSU stocks to remain in focus on PFC stake sale

Shares of possible divestment candidates NTPC, Bharat Electronics, OIL India, Engineers India and Hindustan Copper will remain in focus, as the government is firming up plans to sell stake in Power Finance Corporation on Monday. The Centre plans to divest 5 per cent or 6.60 crore shares on Monday. That will reduce its stake to 67.80 per cent. If successful and the market remains firm, the government will push through divestment in other companies as well.