PSU STOCKS
Sudeep Shah's top bets from PSU Banks and realty pack
?So, I feel overall now, let us stick with that support zone of 23,500 until this zone holds, this upside could continue up to 23,800, 23,900 zone in the coming few sessions.
Reliance oversold; a change at helm in Maharashtra could be negative for market margin: Sandip Sabharwal
Indian equity markets are currently experiencing a period of uncertainty, with investors closely watching the outcome of the Maharashtra elections and the ongoing Adani Group controversy. Despite this, certain large-cap stocks, including Reliance Industries and select private banks, are seen as attractive investment opportunities due to their oversold status and strong fundamentals.
PSU bank stocks rally 2% as investor confidence returns
Public sector bank stocks, led by SBI, Bank of Baroda, and PNB, rebounded 2% on Friday after investor confidence returned, easing concerns over exposure to the Adani Group and boosting sentiment.
Heat's now on for PSU banks with Adani Group exposure
Indian lenders account for more than ?88,000 crore of the Adani Group's total debt of ?2.41 lakh crore as of March 31, 2024, according to a group presentation. Following the Hindenburg report in January 2023, several Indian banks and financial institutions had disclosed their exposure to the Adani Group.
PSU bank stocks fall up to 7%, trail overall market weakness
PSU bank stocks, including SBI, Canara Bank, PNB, and Bank of Baroda, dropped significantly, while Adani Group shares also fell sharply after bribery and fraud charges, weakening the Indian rupee.
PSU stocks: New rules for share buyback, bonus issue, stock split and dividend
The finance ministry has updated capital restructuring guidelines for non-bank public sector enterprises (PSUs) to ensure optimal fund utilization. The revised norms for listed Central Public Sector Enterprises (CPSEs) include changes to dividend payouts, share splits, buybacks, and bonus issuances.
December rate cut could spark market revival: Chakri Lokapriya
?So, both are similar sized companies. They have similar market share. Only the thing is Swiggy is likely less profitable. So, the valuation differential could be made up. So, clearly one can buy Swiggy at current levels.
Will the outperformance continue? Understanding risks a must. 13 PSU banks, 7 with an upside potential of up to 37%
Which is the sector where there is, literally, no small-cap company? The answer: PSU banks. In terms of market cap, none of the banks fall in the small-cap category. But yes, there are small PSU banks ¨C those with a smaller loan book size than others. For a majority of the investors and traders, however, a bank whose stock price is below Rs. 50 may appear to be a small-cap ¨C though it is not. So, when looking at banks ¨C or for that matter any stock ¨C make a distinction between the absolute price of the stock and its market cap. Now, the question: Should you buy stocks of PSU banks that have seen relative outperformance in this phase of correction? The question is relevant as the risk of overall market connection is still high.
Sensex sheds 55 points, Nifty dips below 24,150 as realty, PSU, and oil & gas stocks weigh
Among Sensex stocks, ICICI Bank, NTPC, RIL, Tata Motors, SBI, Tata Steel and Asian Paints were the top losers, tumbling 1.5-2.7%. Meanwhile, M&M, Titan, Tech Mahindra, Infosys and Nestle India closed in green. As the markets were trying to digest the impact of a Trump presidency from next year, the US Federal Reserve went ahead with a 25 basis point rate cut as expected.
Stock Radar: This PSU bank stock is down over 10% from record highs; should you buy the dip?
The PSU stock reached a record high of Rs 298 on June 3, 2024, but fell over 13% to close at Rs 257 on November 5, 2024. After peaking in June, it slipped below the 50-week average on weekly charts in August. However, it found support around the Rs 230 level several times in August, September, and October, ultimately rebounding from these levels.
Daily Trading Desk: 2 trades for short-term gains; PSU defence major for almost 6% gain, mid-cap IT stock for 8% upmove
Select stocks gain momentum even in volatile markets.
Stock Radar: Canara Bank slips 20% from highs; what investors should do
The PSU banking stock peaked at Rs 129 on June 4, 2024, but lost momentum, closing at Rs 103 on November 1, marking a 20% decline. Currently trading around the neckline of a Rounding Bottom breakout on weekly charts, it presents a potential entry point for medium-term investors. While it initially broke out from this pattern in February 2024, the upward momentum waned by June, offering renewed opportunity at this level.
PSU banks: Is staying bullish a better idea as headwinds recede? 5 PSU banks stocks with an upside of 10 to 30%
In any business, there is a simple correlation between the price of raw materials and margins. Lower the raw material prices, higher the margins. What is the raw material in the case of banks? It is money. So, if the cost of money is headed south, does it make sense to have a closer look at banks? Probably ¨C even though it is tough to think of buying in the midst of a major correction. As an investor, however, what happens to the Nifty and Sensex today or a month down the line should not be a deciding factor. What matters is the trend in the numbers of the industry, and that is where banks ¨C especially PSU banks ¨C are ticking all the right boxes.
F&O Ban List: NMDC, RBL Bank among 10 stocks under trade ban on Thursday
Ten stocks, including Aarti Industries and Bandhan Bank, are under ban from F&O trading as their open interest exceeded 95%. This ban will only be lifted if their open interest drops below 80%. The Indian benchmark indices S&P BSE Sensex and Nifty ended lower on Wednesday amid volatile trading, foreign fund outflows, and selling pressure.
F&O Stock Strategy: How to trade Canara Bank and DLF
Domestic indices surged led by HDFC Bank, despite foreign outflows. Analysts suggest bearish trading strategies for Canara Bank and DLF based on technical indicators and derivative data.
RVNL, Mazagon Dock among 140 multibagger stocks with higher retail holding versus institutional
Over 140 stocks that have more retail holdings than institutional in the past year have delivered significant returns. Nine state-run companies and numerous private sector companies are among these multibaggers. Experts advise caution as many lesser-known stocks have liquidity risks. Some stocks like Kaycee Industries and Cropster Agro are recommended for exit.
PSU stocks crash up to 47% from peak. Is the reign of rail & defence over?
PSU stocks have seen significant declines, with some dropping over 40% from their 52-week highs due to expensive valuations and government share sales. Stocks like Cochin Shipyard, Mangalore Refinery, and HUDCO have been notably affected. Despite short-term turbulence, long-term prospects for rail and defence sectors remain positive.
Iron & Steel, Housing Finance, and PSU Banks among most undervalued PSU sectors: Value Stocks
Value Stocks research found that 16 out of 26 PSU subgroups are undervalued. Iron & Steel, Housing Finance, and PSU Banks are highlighted as undervalued sectors with attractive investment opportunities.
PSU bank stocks: Stay bullish, avoid narrative trap. 7 PSU banks with upside potential of 31 to 43%
Every sector has witnessed a re-rating on the market in the last couple of years. But the underlying reasons are different. These reasons are important as they determine the longevity of the re-rated valuations. Re-rating could have been for two reasons: One, a government policy push that caused a clean-up and removal of headwinds. Or, two, the sector recovered due cyclical reasons. For PSU banks, which saw strong re-rating in the last one year, it was a mix of both reasons. While the government strengthened the regulatory system, the overall economic growth helped credit offtake. Now, after the rally, the question is: Should you sell, hold, or increase exposure? The answer lies in looking at two critical things.
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