Power NBFC Indian Renewable Energy Development Agency (IREDA) stunned the market with a blistering 632% rally in just over 13 months — a surge that evoked awe and caution amid repeated warnings of an impending cooldown. That correction arrived in January, shortly after the stock hit its all-time high of Rs 234 on the NSE, … Read more
Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts, says the market is experiencing rotation with different stocks attracting buying interest, ensuring upward movement after consolidation. Financials, particularly NBFCs, are leading the rally due to favorable interest rate cycles and low valuations. PSU stocks, after a correction, are building a base and offer low-value picks, while … Read more
“It is the right time to stick to the domestic side, where again the sectors like banking, again financially, if you look even in this current corrective phase banking as a sector clearly is showing the relative outperformance even in this current corrective phase,” says Dharmesh Shah, ICICI Direct. What should one expect because I … Read more
“These are three that stand out, so that is commodities, PSUs, and the financials. Now, there is also oil and gas which is a separate story simply because of what is happening in oil,” says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts.Give us a sense of the kind of market moves you are seeing … Read more
BSE Smallcap’s 2% weekly slide had 821 culprits to blame for as they fell up to 43% in the truncated week that ended on Thursday. In this, 116 counters plunged in double-digits as the overall sentiments remained subdued on US recession fears and tariff wars, unleashed by President Donald Trump. The top 10 laggards in … Read more
As we are at the fag end of 2024, a look back at the performance of PSU stocks shows BSE PSU index delivering nearly 29% in the last one year. This is higher than the 11% returns by the BSE Sensex in the same period. In this, top 10 stocks have given returns between 139% … Read more
Amid hopes of a recovery in central government capex in H2 and the major announcements from the Union Budget, which is less than two months away, rail stocks were trading higher on Wednesday. Titagarh Rail Systems shares led the rally and were up about 9%. Texmaco Rail shares were trading 6% higher, while those of … Read more
Even after consistent selling in defence and rail PSU stocks, the long-term prospects of the two sectors remains positive, says Viraj Gandhi, CEO of Samco Mutual Fund. “Given the current values, one should carefully assess these sectors. If one can withstand further short-term downside, this could be an excellent chance to add to these names,” … Read more
With valuations of stocks related to the investment cycle and policy reforms capturing the near term potential, Sailesh Raj Bhan, CIO – Equity Investments, Nippon India Mutual Fund, suggests investors can also consider alternatives in large banks, IT and QSR.“Cyclical themes like manufacturing, industrials trade at higher premiums with high growth expectations and low room … Read more
While Nifty ended with modest weak-on-weak gains of 0.4%, the truncated trading week was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 40,543 crore on screen, which included both buying and selling. In the largecap segment, 15 companies witnessed significant block deals … Read more