Despite recent market corrections, Ashish Gupta, Chief Investment Officer (CIO) at Axis Mutual Fund, believes that both the defence and public sector undertaking (PSU) sectors still present compelling investment opportunities. Speaking with ET Now, Gupta provided insights into the valuation concerns in defence stocks and the evolving outlook for PSUs, particularly in the utilities space. … Read more
A confident NDA could propel the Nifty towards 26,300 and beyond in the medium to long term, says Rupak De, Senior Technical Analyst at LKP Securities. Edited excerpts from a chat in which the analysts also shares two stock ideas for the week. In the post-election result week, do you see some signs of more … Read more
“The excesses were created on Monday because of the exit poll getting it all wrong and people leveraging in PSUs and so on of defence. I always held the view that defence and railways were overpriced to 2027 level and PSU selective are very-very frothy,” says Sanjiv Bhasin, Director, IIFL Securities.Real slam dunk for the … Read more
Ahead of the much-anticipated outcome of the Lok Sabha election results, the FII long-short ratio stands at a multi-year high of 87% shorts in the index futures, coupled with heavy selling in the cash market. On the other hand, retail investors are holding highly leveraged long positions. “Both these factors are a bit scary. That … Read more
Union Finance Minister Nirmala Sitharaman | Photo Credit: ANI Finance minister Niramala Sitharaman will meet managing directors of public sector banks (PSBs) on Saturday to review performance against the backdrop of the failure of a few banks in the U.S. and the liquidity crisis faced by Credit Suisse. The meeting is going to take stock … Read more
We witnessed crude prices sliding down this week on the back of which a lot of sectors like cement and paints were buzzing. Which sector next could lead the up move? What will you pick on the back of this story building up? I think we have been seeing India’s outperformance versus global markets. India … Read more
The government is looking to complete at least three public sector disinvestment transactions before rolling out the mega initial public offer (IPO) of Life Insurance Corporation of India early next year, a finance ministry official said. At least three firms – National Fertilisers Ltd, Mishra Dhatu Nigam Ltd and Rashtriya Chemical & Fertilizers Ltd – … Read more
Chief Economic Advisor KV Subramanian on Thursday said that the second wave of COVID-19 has affected the momentum of economic recovery. However, he also pointed that he expects a recovery in the economy from July onwards. “The second wave of COVID-19 has affected the momentum of economic recovery. We expect a recovery in the economy … Read more
NEW DELHI: on Tuesday said that it has acquired 50 per cent stake in NTPC GE Power Services Pvt Ltd. Earlier this month, GE Power India’s board had approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd (NGSL) for Rs 7.2 crore. NTPC and GE Power Systems GmbH had … Read more
Niti Aayog has decided to empanel transaction advisor for monetisation of assets and carry forward the process of disinvestment of public sector enterprises. In this connection, the government think-tank Niti Aayog has floated request for proposals (RFP) from eligible entities. The Aayog is hand-holding the respective asset owners — the statutory bodies, public sector enterprises … Read more