It’s around 4250-4300

finished reading ‘Framing business uncertainty’ . Decent read. Bought ICICI sec to play the special situation of merger not going through but it indeed went through. Will deploy some funds after this month if I’m left with surplus funds.

As of now bullishness and award backlog does seem to be the issue to me. I believe the bottleneck at the moment for next few years is capacity constraint for Skipper. They are at about 85-90% right now and are yet to announce brownfield (takes 7-8 months for operation) and greenfield (takes 2-3 years for operation) strategy.

Hardik
Appreciate your inputs
I agree , execution for Oil & Gas PSU’s have been poor whether down stream or up stream.
But I would not like to judge these companies on execution. and profitability.
The main point is we donot have enough Oil gas reserves in India. In spite of pvt sector participation in oil & Gas sector , we have not been able to move an inch.
The fact is that even after 65 years of oil & gas Exploration, these companies are able to meet only 10-12 % of our requirement. Rest is imported and once we are import dependent , we are at the mercy of international market which is highly volatile and all our profitability goes in to a Toss The current govt seems to have u understood this well and hence there is a thrust on renewables like ethanol , BCG , Solar wind hydro , hydrogen to become atma nirbhar Bharat.

When I am investing in these stocks today , it is not because of Conventional Oil & gas. conventional oil & Gas has taken us nowhere and it will take us nowhere… i am looking at the energy transition that these companies are investing heavily on Renewable solar wind hydro , BCG, Hydrogen etc And I am looking at long term perspective, though I would keenly watch their performace , govt policy , execution in renewables.

I have at least a dozen companies- PSU”s , which have successfully well in terms of growth and profitability during last 2 years – quarter after quarter… and naturally Market has also given a thumbs up in these stocks and these stocks I believe will continue to do well given the order book position for next 8-10 years considering the current govt policy of atma nirbhar Bharat

In view of the above , i expect the PSU’ with Renewable capex plans in Oil gas sector to do well…given the current govt policy to give a thrust on renewables and it is the PSU’ s with strong balance sheet who can invest heavily in to renewables.

@Krishna19 sorry i am not aware of it.