In a recent report, brokerage house Emkay believes that at 19.5x PER, the correction isn’t deep enough yet. At current levels, the brokerage is neutral on equities and would stay invested but not add to positions. If the Nifty does correct another 10 percent to below 20,000, it sees the […]
PSU stocks
Fueling the recent surge in PSU counters are defence stocks, especially those involved in shipbuilding. These companies are experiencing substantial increases in share values, hitting record highs with each passing day. The uptrend is propelled by robust order wins and improvement in their financial performance. The Indian defence shipbuilding sector […]
India’s largest natural gas company GAIL declared results for the quarter ended March 2024 (Q4FY24). The company posted a 260 percent jump in its March quarter standalone net profit at ₹2,177 crore as against ₹603.5 crore in the same period last year. However, on a sequential basis, the firm’s net […]
Stocks to buy: In the aftermath of the recent downturn in the Indian stock market, many quality stocks, despite their strong fundamental and technical perspectives, experienced profit-booking. This situation presents an opportunity for investors, as these stocks are expected to generate alpha returns when the Indian stock market bottoms out. […]
In Monday’s session, shares of PSU stocks experienced sharp declines, with some of them plummeting by as much as 13%. This downward trend followed the Reserve Bank’s announcement on Friday proposing stricter regulations, governing lending to projects under implementation. The RBI guidelines stipulate that a 5% general provision must be […]