Be selective in PSUs, cement; gung-ho on 3 steel stocks: Hemang Jani

economictimes.indiatimes.com:

Hemang Jani, Independent Market Expert, says among PSUs, Bharat Electronics and HAL have reported strong financial results, making them attractive investment options, along with select power companies like NTPC, especially after its recent demerger and the launch of the NTPC Green IPO, showcasing its renewable energy potential. While one can remain optimistic, a discerning approach is crucial when evaluating public sector undertakings. Investors should target niche, selective companies in this sector.

Among steel stocks, Jani holds Tata Steel in high regard, but believes certain pallet players like Godawari Power are better positioned due to improving spreads. Additionally, Jindal Steel & Power's efficient captive unit for raw materials may offer a more attractive investment opportunity.
From the end of last year till middle of this year, the PSU sector, be it defence, railways, infra or power names – had been the most buzzing segment. But that rally had fizzled out in the latter half of this year. What is your take on PSUs. A lot of people are hoping that there will be a rebound in the government spending come H2 of FY25 and PSUs will revive?
Hemang Jani: Yes, some of these companies which have corrected quite sharply in the past two months are showing a good rebound and it is not just the stock price rebound.

But when you look at the numbers, the order inflow and the guidance part also, some of them are showing a lot of promise. Both Bharat Electronics and HAL have delivered good sets of numbers and we think that from a core investment perspective also, there is a merit in looking at some of these companies and some of the power companies.