Coal news and updates

NDA to focus on PSU banks, coal, power: Report

The brokerage cautions that these changes are likely to take 3-4 years if not more. However, the pace of news flow should keep broader market multiples supported, says the Credit Suisse note.

Brokerage house Credit Suisse expects PSU bank recapitalisation, reform of Coal India , power distribution, and agriculture to be initial focus areas for the new government. “The near 2/3rd majority for the NDA and a weak opposition are also good for legislation, despite the fragmented Rajya Sabha. Both legislative and administrative reforms are now likely,” says the Credit Suisse note to clients. Also read: Expect Nifty to double in 4-5 years: Arvind Sanger The brokerage cautions that these changes are likely to take 3-4 years if not more. However, the pace of news flow should keep broader market multiples supported, says the Credit Suisse note.

Source: Moneycontrol