{"id":3340,"date":"2020-01-12T10:48:06","date_gmt":"2020-01-12T10:48:06","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2020\/01\/12\/looking-for-value-stocks-psu-shares-have-upside-now-watch-for-this-trigger-says-tata-asset-cio\/"},"modified":"2020-01-12T10:48:06","modified_gmt":"2020-01-12T10:48:06","slug":"looking-for-value-stocks-psu-shares-have-upside-now-watch-for-this-trigger-says-tata-asset-cio","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2020\/01\/12\/looking-for-value-stocks-psu-shares-have-upside-now-watch-for-this-trigger-says-tata-asset-cio\/","title":{"rendered":"Looking for value stocks? PSU shares have upside now, watch for this trigger, says Tata Asset CIO"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1809703 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2020\/01\/stockstock1.jpg\" alt=\"fiscal deficit, privatisation , bpcl, budget, bpcl privatisation, Tata Asset Management, indian economic growth, value stocks, investment\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/stockstock1.jpg 660w, https:\/\/images.financialexpress.com\/2020\/01\/stockstock1-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/stockstock1-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/stockstock1-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1809703 size-full\" src=\"https:\/\/images.financialexpress.com\/2020\/01\/stockstock1.jpg\" alt=\"fiscal deficit, privatisation , bpcl, budget, bpcl privatisation, Tata Asset Management, indian economic growth, value stocks, investment\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/stockstock1.jpg 660w, https:\/\/images.financialexpress.com\/2020\/01\/stockstock1-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/stockstock1-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/stockstock1-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">India\u2019s search for money could benefit potential investors in the stock market.<\/span><\/figure>\n<\/div>\n<p>India\u2019s efforts to meet its budget deficit target through privatization could benefit investors looking to buy stocks with a relatively affordable valuation. \u201cA large part of India\u2019s value stocks are state-owned enterprises,\u201c said Rahul Singh, Mumbai-based chief investment officer for equities at Tata Asset Management Ltd. \u201cThe real issue is can the price-to-earnings ratio of the value segment go up. Privatization is one big potential trigger for that.\u201d<\/p>\n<p>Sales of state-run firms have emerged as a key source of potential funds for a government struggling to meet its fiscal deficit target as economic growth slows. India is seeking a strategic investor for oil refiner <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/bharat-petroleum-corporation-ltd-stock-price\/\" rel=\"noopener noreferrer\">Bharat Petroleum<\/a> Corp Ltd. and is pushing to sell national carrier Air India Ltd. for a third time after earlier attempts failed.<\/p>\n<p>A crucial question for investors is when the money could actually come in. The sale process for both <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/bharat-petroleum-corporation-ltd-stock-price\/\" rel=\"noopener noreferrer\">BPCL<\/a> and Air India could continue into the next fiscal year, meaning Prime Minister <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/tag\/narendra-modi\/\" rel=\"noopener noreferrer\">Narendra Modi<\/a>\u2019s government would miss its asset sales target by a wide margin in the current year that ends in March, an official said in December, asking not to be identified citing rules.<\/p>\n<figure><picture><source srcset=\"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iM9qB8lh0m2M\/v0\/piNvaTs1gp8202qz_dewi2PvPDETo3MkHBrbPW_GR81uzDParBy7STNsGox.ps98SbSu48UitGf0c\/814x-1.png\" media=\"(min-width: 769px)\"\/><source srcset=\"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iM9qB8lh0m2M\/v0\/piNvaTs1gp8202qz_dewi2PvPDETo3MkHBrbPW_GR81uzDParBy7STNsGox.ps98SbSu48UitGf0c\/300x-1.png\" media=\"(min-width: 600px)\"\/><source srcset=\"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iM9qB8lh0m2M\/v0\/piNvaTs1gp8202qz_dewi2PvPDETo3MkHBrbPW_GR81uzDParBy7STNsGox.ps98SbSu48UitGf0c\/300x-1.png\"\/><\/picture><\/figure>\n<\/p>\n<p>Valuations of state-owned firms have historically been weighed down not so much due to major disappointment on earnings, but because the government was a \u201cconsistent seller\u201d of only small portions of its stake, offering 2%-3% through exchange-traded funds every year, according to Singh. That\u2019s helped create a wide gap in valuation between so-called growth and value stocks, which could narrow if shares of state companies get a boost from big stake sales.\u201cThis is the space we operate in and can generate alpha from,\u201d said Singh, \u201cThe shift to a more radical process of privatization is key.\u201d<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-2854038713\"><div id=\"jobbi-1797815772\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] India\u2019s search for money could benefit potential investors in the stock market. India\u2019s efforts to meet its budget deficit target through privatization could benefit investors looking to buy stocks with a relatively affordable valuation. \u201cA large part of India\u2019s value stocks are state-owned enterprises,\u201c said Rahul Singh, Mumbai-based chief investment officer for equities at [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":3341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=3340"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/3341"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=3340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=3340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=3340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}