DSIJ Mindshare

PSU power company sees marginal gain on joint venture with Indian Oil Corporation Ltd

The stock has a PE of 9.86x whereas the sectoral PE is 28.70x with multibagger returns of over 200 per cent in 1 decade.

Kiran Shroff 0 3263 Article rating: 4.0

Both companies are public sector undertakings, with the majority ownership held by the President of India (NTPC Ltd holds a stake of 51.10 per cent, while Indian Oil Corporation Ltd holds a stake of 51.50 per cent).

Watch out for these penny stocks that are locked in the upper circuit on June 05

On basis of bullish developments in global markets, Indian equity indices are in the green on Monday.

Kaustubh Bhosale 0 6521 Article rating: 4.0

On Monday, most Asian stocks extended a global surge on expectations that the Fed will pause rate hikes this month, following data showing that while the US economy gained 339,000 jobs last month, pay growth slowed and the unemployment rate climbed.

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