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Could FY20 see more buybacks in PSU stocks? Emkay gives tips on how to play the buyback wave

Updated : September 12, 2019 02:08 PM IST

Overall, buybacks can accrue proceeds of Rs 29,500 crore to the government in FY20 as against Rs 10,700 crore in FY19, Emkay said in a report.
The report prefers PSU stocks that have a decent cash balance and the room to lever up and a reasonable room for the government to cut stake.
Among the larger PSU stocks, a rise in the government’s buyback activity could be best played through Oil India, Bhel, ONGC and Nalco, the report said.
Could FY20 see more buybacks in PSU stocks? Emkay gives tips on how to play the buyback wave
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