Synopsis
At least three firms – National Fertilisers Ltd, Mishra Dhatu Nigam Ltd and Rashtriya Chemical & Fertilizers Ltd – will be divested through offer on sale, or OFS, route within the next quarter, the official said.
Earlier this month, the cabinet committee on economic affairs, or CCEA, gave its in-principle approval to list LIC.
The government is looking to complete at least three public sector disinvestment transactions before rolling out the mega initial public offer (IPO) of Life Insurance Corporation of India early next year, a finance ministry official said.
At least three firms – National Fertilisers Ltd, Mishra Dhatu Nigam Ltd and Rashtriya Chemical & Fertilizers Ltd – will be divested through offer on sale, or OFS, route within the next quarter, the official said.
Mishra Dhatu Nigam - Expect ~20% revenue CAGR over FY21-23E - ICICI Securities
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Decks cleared for Midhani s aluminium alloy plant in Nellore
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Why the stock of Mishra Dhatu Nigam is a good long-term bet
Low leverage and decent growth prospects make it a good bet for long-term
Since our last buy call on Mishra Dhatu Nigam (Midhani) in October, 2020, the stock has fallen by about ten per cent. However the positive long term outlook on the company’s prospects remain intact and long term investors can look to buy at current levels.
Midhani is a PSU catering to the needs of India’s strategic sectors such as defence, space, atomic energy and aeronautics by supplying critical materials and alloys. With increased budgetary capital expenditure for defence for FY22 coupled with the newly introduced Defence Acquisition Procedure 2020,business prospects appear good for Midhani.
Mishra Dhatu Nigam - Margin surprise offsets weak execution - ICICI Securities
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