“I think while the markets are going up, the mood seems to be less elevated across the globe. So, I still think there is some place to go. Just speaking, of course, as a portfolio manager you have to be long and therefore very optimistic, so a little bit of biased stance. But I do … Read more
Anil Gupta, Sr VP & Co-Group Head-Financial Sector Ratings, ICRA, in conversation with ET Now on RBI proposal for tighter project finance rules. Gupta says “given the market reaction, there could be a case where maybe more clarification will emerge as to whether 5% provision requirement is on the entire under-construction portfolio of the lenders … Read more
“They are shrugging off the risk related to the election event. Probably they have taken a view about what is likely to be the direction for the markets ahead in terms of a positive direction and that is why we are seeing the Nifty reaching a new record level this week,” says Mahantesh Sabarad, Independent … Read more
With stock indices trading close to all-time highs and valuations at a premium to long-term averages, fund managers in September bought into select PSU stocks where valuations are still low and they are likely to benefit as a new capex cycle kicks in. Stocks like Coal India, REC, PFC, Power Grid, Bharat Electronics and HPCL … Read more
Investor interest seems to be insatiable in PSU stocks, be it defence, shipping or even banking. Many of the PSU defence and shipping stocks have turned out multi-baggers, be it BEL, BHEL, Coal India, HAL, NHPC, NTPC, PFC, REC, Mazagon Dock, to name a few, says Aamar Deo Singh, Head Advisory at Angel One. At … Read more
Mumbai: Stocks of Power Finance Corporation, HDFC Asset Management Company, IDFC First Bank, Ashok Leyland, Cummins India, and Astral are likely to be included in the MSCI Global Standard Index in its forthcoming rejig to be announced on August 11, according to Nuvama Alternative & Quantitative Research. IDFC First Bank is expected to see inflows … Read more
Mumbai: Power Finance Corporation will likely launch this week its first public issue of bonds since January 2021, looking to raise up to ₹5,000 crore. The issue, which opens on July 21 and closes on July 28, could have a base size of ₹500 crore and a greenshoe option of ₹4,500 crore, sources said. The … Read more