Investors betting on PSU stocks hope govt will seek higher dividends

The ongoing bets in the stocks of public sector companies are driven by speculation that they could dole out generous dividends. Traders are going long on companies such as PFC, REC, IOCBSE -2.33 %, HPCLBSE -3.70 %, BPCLBSE -0.56 %, NMDCBSE 1.73 % and Coal IndiaBSE -0.82 %.

Stocks of all these companies rose 2-5% on Thursday. There is a growing perception in the market that the government would do this to lower the fiscal stress: against a divestment target of Rs 72,500 crore this y ..

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