PSU Oil Stocks are in demand

Thebullishtrends: As per the market sources the Government may ask all bluechip PSUs to issue bonus shares as their reserves and surpluses increased by several times compared to their paid up share capital. They said PMO office may issue order to PSU having Rs.100 cr capital to issue bonus shares, companies like NTPC,ONGC,BPCL,HPCL,BHEL and also SAIL are in this list. Moreover these PSUs share prices rose after the news spread in the market.