PSU Stocks 28 March 2024
📈 The stock market is experiencing ups and downs due to mixed signals from global markets. With changing settlements, the market is trending towards a downturn. In such uncertain market conditions, global brokerage firm CITI has selected shares of oil marketing companies for investment. These companies include Indian Oil, Hindustan Petroleum, and Bharat Petroleum.
According to CITI, there is a bullish trend in the shares of oil marketing companies. In the past six months, the shares have risen by 70 to 85%. The support from government-owned companies in the public sector is driving the bullish trend in oil marketing companies’ shares.
Let’s take a look at the brokerage’s recommendations on investing in these companies:
- Hindustan Petroleum
- Rating – Buy
- Target Price – ₹635
- Previous 6 Months Return – 85%
- Current Price – ₹473
- Bharat Petroleum (PSU Stocks)
- Rating – Buy
- Target Price – ₹750
- Previous 6 Months Return – 70%
- Current Price – ₹600
- Indian Oil
- Rating – Buy
- Target Price – ₹195
- Previous 6 Months Return – 85%
- Current Price – ₹167
ℹ️ Stay informed and make wise investment decisions based on the brokerage firm’s analysis of these oil marketing companies.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
