Anil Singhvi: Sell PSU stocks on every jump in markets; privatisation set to create stiff competition
Government's decision to allow FDI (Foreign Direct Investment) up to 74 per cent through the automatic route in the defence sector against the earlier limit of 49 per cent is a good step, Zee Business Managing Editor Anil Singhvi opines. He said that India will gain on the technology front
He however recommends that the investors should sell PSU stocks when they are on a high, indicating that these companies do not inspire a lot of confidence