Mazgaon Dock OFS
Since the Govt has already declared its intention of OFS in Mazgaon dock, the stock is likely to be under pressure until OFS is executed, since investors are likely to wait until OFS to buy in order to get a better price if possible.
And so the wide gap in valuation between its peers may continue.
But once the OFS is executed, it may try to catch up at a rapid rate l.
When would be the OFS of Mazgaon dock ,?
Now since a hint has been given, it could be any day all of a sudden depending upon market conditions.
However, there is a hitch here!
Could it be before budget or post budget ?
it is difficult to say because the Govt has decided not to take a target of “Disinvestment” ,. They would call it capital receipt and this change in nomenclature is supposed to be officially declared in budget session.
However , if the Govt may also carry out OFS before budget , they may add the proceeds to capital receipts for 2024-25.