Industries Minister P. Rajeeve on Friday presented the awards for the best performing public sector units in the State. Travancore Cochin Chemicals, Malappuram Cooperative Spinning Mills, Kerala Ceramics Limited, and Kerala Artisans Development Corporation were selected for the awards that carry a cash prize of ₹5 lakh and a plaque. Various factors, including the annual … Read more
Sanjiv Bhasin, Director, IIFL Securities, says the broader market will be in a consolidation phase. So pick your stocks. Right now, PSUs, OMCs, ONGC, Hind Copper, Vedanta, the metal/OMC space are looking very strong, as is insurance. That is where you should be upping your ante.” Bhasin further says: “Do a SIP in HDFC, Asian … Read more
Mumbai: The selloff in shares of public sector companies aggravated on Monday as disappointing third-quarter results of a few prompted traders to liquidate bullish bets. Analysts warn about the likelihood of further declines in these stocks, which have been the top performers on Dalal Street for the past three months. Any sharp fall in the … Read more
With consistent earnings normalization, controlled credit costs, and healthy asset quality, earnings for PSBs are expected to grow at a more sustainable pace. We estimate the profitability of the top six PSBs under our coverage to rise to Rs 1.7 trillion by FY26 from Rs 573 billion in FY22 and from collective losses in FY18. … Read more
PSUs and auto stocks led the run-up in the Nifty from the previous highs to the current one. The Nifty touched its lifetime high of 20,291.55 on Friday. Its previous record was hit on September 15 at 20,222.45. In the past one-and-a-half-months, the Nifty Realty was the top gainer, which saw an upside of over … Read more
“We are early in the stages of the business cycle of this country. Our corporate PAT to GDP bottomed at around 1% and it has bounced back to about 4.2%,” says Ravi Dharamshi, CIO, ValueQuest Investment.What are we starting with, the market, your investment in VARI, how banks have done well, or the fact that … Read more
Mumbai: Gujarat-based listed public sector undertakings (PSUs) were among the top performers on the bourses on Wednesday after the state government announced a policy defining a minimum threshold of dividend distribution and allotting bonus shares for all the companies it owns. Shares of Gujarat State Fertilizers & Chemicals surged 20% and closed at a seven-month … Read more
The Finance Ministry has asked central public sector undertakings (CPSUs) to issue letters of comfort (LoCs) on the basis of their own financial strength so that no liability devolves on the Government of India. The Office Memorandum dated March 20, 2023, has been issued following a request from some CPSUs in the oil and power … Read more
The Standing Committee, chaired by BJP MP Kirit Premjibhai Solanki, expressed dismay over delays in the verification of caste certificates of SC and ST employees. Photo: Screengrab | Twitter/@drkiritpsolanki There has been an increasing number of incidents where Scheduled Caste and Scheduled Tribe employees of Public Sector Units (PSUs) are being victimised in the name … Read more
It is time to load your portfolio with defence stocks because it could be a multiyear theme, according to independent market advisor Sandip Sabharwal of asksandipsabharwal.com. Companies in the defence sector could deliver strong earnings growth in the coming years, but Sabharwal advises investors to stay with private sector companies and stay away from PSU … Read more