Wherever there is future earning visibility , investors are chasing those stocks…And IREDA is a Navratna PSU, so there would not be any corporate governance issues, Govt backed , no issue in fund raising , NPA’ s are good… For the investor , you get regular dividends.
The stock may continue to be in demand with a bout of ups and downs.
However, when compared with REC, PFC, Hudco , there is a wide valuation gap…
REC , PFC don’t carry Renewable energy Tag , but IREDA do carry the tag.
Given an option and if I have to add to my existing holdings , i would rather add to REC, PFC and Hudco rather than IREDA.
I am holding all the three from lower level with 9-10 % Dividend yield – IREDA i was allotted in IPO. Had Partly booked profit and later added back on decline
Discl: Invested. May be biased . please do your own assessment before investing. PSU stocks could be volatile at times due to change in govt policy
| Subscribe To Our Free Newsletter |
