Government of India Divestment Plan FY 2015 - 2016

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Stocks to watch where Govt. of India has decided to divest minority stake in the fiscal year 2015-16. ONGC and IOC are among the biggest divestment candidates and are expected to fetch more than 20k crores. 

In total govt has set the target of little over Rs.46000 crores through minority stake sale of listed companies.While divestment in IOC could be little easy as the stock has been hitting life time high, thanks to the falling crude prices, but a 5% sale in ONGC appears difficult as the stock is hitting 52 week lows, thanks again to the falling crude prices.

Among the lot ONGC and Nalco appears very attractively valued at 280 and 38 bucks as on 25th July 2015 for investment purpose with at least 2 years horizon. 

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