Stake sales in FY27 will focus largely on public sector banks and the disinvestment of IDBI Bank is likely to be completed in the first quarter of FY27 now.
MOFSL said it sees a clear prioritisation of capex, which should grow at 10.3 per cent YoY and remain close to 3.1 per cent of GDP, with higher allocations for defence and allied industries.
On Indian Renewable Energy Development Agency Ltd (IREDA), Pradip Halder noted that the stock has corrected over 50 per cent from its all-time high. He advised existing investors to maintain a strict stop loss at Rs 128.
Select stocks like Waaree Energies, Aditya Infotech, BLS International, Hindustan Zinc, KPR Mills, ITC Hotels and others have seen fresh interest from the various brokerage firms.
Stocks including TCS, Tata Power, RVNL, Tata Chemicals, IDBI Bank, Hudco, Lemon Tree, HG Infra, Natco Pharma and more will be in the spotlight on Monday, November 24.
The Centre aims to complete IDBI Bank’s privatisation by FY26, with DIPAM overseeing the planned 61% stake sale. Currently, the government holds 45.48% in the bank, while LIC owns 49.24%.
Resolution of Jaiprakash Associates in final stages, Jaypee Infratech resolution concluded in 2024.
Shares of select retail favourite stocks like Suzlon, Netweb, CarTrade, IDBI Bank, Chennai Petroleum and TTK Prestige soared up to 15 per cent during the trading session on Tuesday.
In a conversation with Riddhima Bhatnagar of Business Today, Arunish Chawla, Secretary of the Department of Investment and Public Asset Management (DIPAM), highlighted how the government is focusing on maintaining growth momentum while ensuring fiscal responsibility through a balanced roadmap. Speaking on capital expenditure, Chawla pointed out that the government has set an ambitious target of ₹10.33 lakh crore for FY25, of which nearly 29 % has already been achieved by the end of July. This, he said, reflects the strong push towards infrastructure development and economic expansion. On asset monetisation, he explained that the government has already achieved ₹20,000 crore in the first quarter against the annual target of ₹47,000 crore, and several more projects are in the pipeline across different sectors. On the disinvestment front, Chawla stressed that DIPAM keeps various public sector stocks “market ready” and decisions are guided by market appetite and liquidity conditions. On LIC, he confirmed the government’s commitment to minimum public shareholding norms, with further stake sale still under consideration. For IDBI Bank, he revealed that the process has moved beyond the EOI stage, with the next phase expected within a month.
Stocks like YES Bank, IndiGo, RailTel Corp, IndusInd Bank, CEAT, Titagarh Rail, IDBI Bank, Akums Drugs and more will be in the spotlight on Monday, August 25.
The Cabinet Committee on Economic Affairs had approved the disinvestment of IDBI Bank on May 5, 2021. Following this, the Department of Investment and Public Asset Management (DIPAM) conveyed SEBI’s approval for LIC’s reclassification, provided key conditions are met.
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