Public Sector companies (I.e. Owned by Government) have double or more then triple in this bull run, loss making companies like ITI is quoted at Rs 40, company like Bharat Immunological and Biological ltd which does not have even production is quoted more then Rs 20. Hindustan Organic and HMT with negative book value and high losses still quoted at Rs 40.
Now look at Public Sector company which most of the investor are not aware, it is Madras Fertilizer Company, this is a Government of India promoted company and which would be put for disinvestment very shortly.
Government has also deputed chairman of National Fertilisers Ltd for smooth running and also it is now shifting to Natural Gas from Naphtha.
Monsoon starts and most of the Fertilisers Stock start moving up but surprisingly this PSU shares has not moved up. Shrewd investor and some of the big player are accumulating this stock for last 15 days and a very big rise is expected during budget and also when the moon soon starts.
Madras Fertilisers Ltd at Rs 12 is very cheap stock and RISK free PSU. Watch your money grow double within few trading sessi
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