Can Vodafone Idea stock trade above Rs 20 in next one year? Hemang Jani answers

Can Vodafone Idea stock trade above Rs 20 in next one year? Hemang Jani answers

“I think there is a growth in terms of volume, given the kind of appetite that people have for jewellery and also, we feel that you will see stable margins once there is a little bit of stability in the gold prices,” says Hemang Jani, Independent Market Expert.Now Goldman Sachs has come out with a … Read more

PSU banks will continue re-rating; SBI, ICICI Bank & Axis Bank poised for a breakout: Laurence Balanco

PSU banks will continue re-rating; SBI, ICICI Bank & Axis Bank poised for a breakout: Laurence Balanco

“You can see from foreign flows perspective that that rebound in China is detracting from some of the investment in India. I do not think it changes the longer-term trends, but we are in one of those holding patterns similar to the fourth quarter of 2023,” says Laurence Balanco, CLSA.What is the take on India … Read more

Looking for hidden gems? Look into these 3 sectors: Anshul Saigal

Looking for hidden gems? Look into these 3 sectors: Anshul Saigal

Anshul Saigal, Founder, Saigal Capital, says “one should really focus on bottom-up opportunities, not worry about the market levels, market direction. As long as we have got good companies at reasonable valuations in our portfolios, over the long term, we will be very well-placed. And there is a lot of money to be made in … Read more

Finance Minister Nirmala Sitharaman meets heads of PSBs, reviews financial performance

Finance Minister Nirmala Sitharaman meets heads of PSBs, reviews financial performance

New Delhi, Finance Minister Nirmala Sitharaman on Saturday held a meeting with heads of public sector banks and reviewed their financial performance. During the meeting, concerns related to cyber security and the risks on the financial sector were discussed, sources said. Issues related to fraud and wilful defaulters and progress on the National Asset Reconstruction … Read more

Dalal Street week ahead: Nifty poised for gains, watch for resistance

Dalal Street week ahead: Nifty poised for gains, watch for resistance

ET CONTRIBUTORS In the choppy and truncated trading week, the markets extended their gains with some spurt in the volatility as well. In three out of four trading sessions, the Nifty index moved higher. In the previous technical note, it was categorically mentioned that the Nifty has achieved a full throwback by retesting the original … Read more

No Monday Blues! 10 PSU bank stocks hit 52-week highs, surge up to 14%

No Monday Blues! 10 PSU bank stocks hit 52-week highs, surge up to 14%

State-run Indian Overseas Bank (IOB) shares shot up nearly 14% on Monday to their 52-week high of Rs 45.15 amid a strong rally in public sector banks. Nifty PSU Bank was the top-performing index in an otherwise dull session. IOB was followed by UCO Bank, which was up nearly 7% around 10 am. It hit … Read more

Metal sector will remain range bound with a negative bias: Hemang Jani

Metal sector will remain range bound with a negative bias: Hemang Jani

“Incrementally, things are not looking positive for Bajaj Auto because 40-45% of their revenue is still coming from exports market and you have some headwinds and we have seen that the production cut has been announced,” says Hemang Jani, MOFSL What is your take on the Adani Group as a whole and if at all … Read more

This PSU bank stock doubles in just one month. What’s driving the rally?

This PSU bank stock doubles in just one month. What’s driving the rally?

State-owned lender experienced a spectacular upmove and doubled investors’ money in the last month. Shares of the PSU bank surged over 110% to Rs 32 in this period. In comparison, the Nifty50 has surged only about 2%, while Bank Nifty has risen nearly 5% during the same period. At 10.29 am, the scrip was trading … Read more

Morgan Stanley raises targets on PSU banks

Morgan Stanley raises targets on PSU banks

Morgan Stanley has raised its price targets on , Bank of Baroda, PNB and Canara Bank as it expects the sustained cyclical recovery to percolate to state-owned banks other than as well. The brokerage said it sees potential for higher stock returns in Bank of India and BoB. “Although we think SBI remains the best … Read more

Chart Check: After delivering 60% returns in a year, this PSU stock could hit fresh 52-week high in 6 months

Chart Check: After delivering 60% returns in a year, this PSU stock could hit fresh 52-week high in 6 months

Indian Bank, part of the PSU banking space, has rallied more than 60 per cent in a year and recent price action suggests that the momentum is intact which could take the stock to fresh record highs in the next 6-12 months, suggest experts. The PSU bank rose from Rs 121.50 recorded on 30 August … Read more