If you are a financial investor then you must be aware how a disinvestment news regarding PSU’s in any establish pink paper sends the PSU shares into a few day frenzy. The speculation rise is accompanied by a complete lull for few months as the government policies speak for themselves and investors realize they were over-estimating economic reforms.
BSE now wants to curb such speculative cycles with the launch of bsepsu.com – PSU based portal for investors. The portal will educate investors regarding the objectives & processes involved in disinvestment. The portal also tracks the past disinvestment done by the government
The site could be a good financial investing resource as it also dolls out financial results/ disclosures/other info regarding PSU’s. PSU’s in India constitues a major chunk of corporate profitability as well as market capitalization (upto 30%). BSE currently has 44 listed PSU’s along with 26 listed public sector banks.
BSU earlier launched its site in regional languages while NSE made its presence felt on Twitter. If you are wondering why these stock exchanges are concentrating in increasing their online presence then you should know of trading war being played out amongst them. BSE despite being the Asia’s oldest stock exchange is certainly playing second-fiddle to NSE in terms of trading turnover and so is trying its best to stay afloat.
The PSU portal coming from BSE is also a surprise as it was widely expected from the central government due to the disinvestment programme expected to witness a lot of action in coming months. Government’s dire need to procure money from 3G auctions and other disinvestment opportunities may certainly have given BSE a chance to play upon its rival NSE.
