Page 3 - Container Corp News Today

The PSU index is expensive, trading at 11.2x fwd PE and 1.8x PB which is +1SD to the historical average. However, relative to the broader market (BSE 500), PSU portfolio is still trading below the historical mean on 12-month forward PE and just slightly above the mean on PB.

Unlike dividend yield, value portfolio has limited room for earnings upgrades to continue and the trade looks relatively more crowded. Hence, dividend yield seems to a better way to play value within PSUs, accotding to Bernstein.

There has been no meaningful Institutional crowding in PSU names in this cycle, barring few names. PSU rally seems to have been driven by retail investors, foreign brokerage, Bernstein said in a report.Foreign Institutional Investors (FIIs) ...

Positive setup was seen in stocks like GMR Infra, MCX, Grasim, United Spirits, Granules, Container Corp, Voltas, Cipla, Zydus Life, Bharti Airtel, ICICI Bank, Cummins India, Dr Reddys, Coforge, Maruti and Indian Hotels.

Positive setup was seen in stocks like Godrej CP, Maruti Suzuki, Canara Bank, PNB, Container Corp., Indigo, Bank Baroda, Dabur, Power Grid, NMDC, Can Fin Homes, IOC, IGL and MCX.

Higher non-tax revenues, including dividends from the Reserve Bank of India (RBI) and state-run banks, are expected to offset the revenue shortfall from disinvestments, prompting the government to revise downwards the FY24 fiscal deficit target to 5.8% of GDP.

In Thursdays trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

Nifty 50 index trades 0.13 per cent loss to 21,697 whereas the Sensex settles 0.15 per cent lower at 71,645 levels, , stock market, nifty, sensex, national stock exchange, retail investors, Intraday, Rail Vikas Nigam Limited (RVNL), irfc, titagarh wagons, Jupiter Wagons, Olectra GreenTech, paytm, canara bank, aurobindo pharma

Positive setup was seen in stocks like Syngene, HPCL, BHEL, LIC Housing Finance, Bosch Ltd, DLF, Tata Motors, BPCL, PNB, MGL, Manappuram Finance, Bank of Baroda, Birla Soft, HAL and Zydus Life.

The S&P BSE Sensex rose more than 1200 points while Nifty50 reclaimed 21700 levels in the previous trading session. The Nifty future closed positive with gains of 1.80% at 21875 levels on Monday. India VIX was up by 14.29% from 15.33 to 15.84 levels.