Well, I think you can’t compare these PSU stocks with the so called K-10 stocks. I mean, these are real companies, authentick profit making govt. companies and they do offer decent/high divident.
And as far as free flot goes, even if the majority of the shares are with the Prsident, the remaining portion are still pretty high (high equity base). A small group of people can’t manupulate these so easy. Or so I believe.
But yes, I agree the valuations are way above my expectation. I am slowly selling and regretting the next day. I sold 1000 IREDA toady (and sold the same qty earlier too, The idea was – will buy after the result. But here we go, the result doesnt justify this valuation, but we hit an UC today as well. Only consolation, I did sell those at 1 Rs below UC… hehe) and kind of expecting to regret on coming Tuesday.
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