I also own Reliance , Adani , JSW , L&T., Tata …
over last two years , it has gone no where …not to my expectation…and stocks trade expensive.
…almost zero to minuscule dividend

Where as my PSU basket has given me 2x -3x returns apart from handsome dividend yield as passive income during the same period. Am happy with that.
It has played out well and I have got back much more than what I actually invested in PSU’s. And if I see , the renewable basket of PSU’s are increasing day by day and the pvt sector is lagging behind in renewable capex and all Pvt players be it Reliance or Adani are heavily debt ridden.They don’t distribute a single pie to investors in terms of dividend …look at adani stocks.

Today’s PSU’s are different than the PSU’s of past. Modi Govt is doing a lot of things to improve PSU profitability, divestment, atma nirbhar Bharat , heavy capex and so on. These are all zero debt companies.

While , so far so good , i still believe that the PSU will continue to do well considering the mouth watering valuation at which these are trading and handsome dividend yield they are offering. The only condition is policy continuance of Govt…The current Govt is monitoring PSU performance and even planning to hire CEO’s from Pvt sector where er required.

Regarding the Oil Gas reserves of the world that would last … you may please refer link below and there are many forecast 2050-2060.

https://www.sciencedirect.com/topics/engineering/oil-reserve#:~:text=Crude%20oil%20reserves%20are%20expected,oil-based%20fuels%20and%20materials.

We will never know whether he resigned due to “retirement” or RBI action forced him,seeing the performance of the bank in last few years and ngctc audit latter seems to have more weight because in 2021 they had sought a 5 year extension for his tenure but RBI granted only 3 years extension.

Of course the company has done a nice job. of course promoters have done nice things in the past. but @manhar the promoter has just purchased 10% of the company at 30cr instead of 200cr. Which fund manager will back this company? I also was thinking of buying this company but is corporate governance optional? But i guess different people have different thresholds.

Hi All, Quick question:
Securitrans India Pvt. Ltd., a wholly owned subsidiary of CMS Info Systems Limited received GST Tax order confirming original demand of Service tax pertaining to the period of October 2016 to March 2017 and April to June 2017 and imposing penalty.

Since it mentions original order for a dated period, i don’t think this should lead to any impairment now or in future. Obviously the firm will contest but even if it looses, still there should not be any impairments; the amount (19.33Cr) would have already been set asides in the books, right?