Page 29 - Lucknow News Today

Jitendra Arora of ICICI Prudential discusses market consolidation, challenges in valuations, and investment strategies emphasizing long-term growth over short-term gains. He provides insights on sectors like private banks and real estate for potential investment opportunities. Arora says: "Private bank is one pocket where we find a lot of comfort as a house in terms of the valuations."

Rajat Sharma, Founder & CEO of Sana Securities, discusses the market valuations, particularly on the Nifty, currently at 21.9. He believes India is a bright spot even in a potential market correction or crash. Sharma says that post election results, on 10th or 12th July we will have the Union Budget and post that, there would be some correction.

So far, BSNL has raised Rs 1600 crore through sale of properties to government departments as well as private entities. The company plans to raise Rs 20,000 crore in 4-5 years through land monetisation.

Gold Rate Today: Check the gold prices in various cities on May 29, 2024, measured in Rs per 10 grams.

Check latest petrol, and diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on May 29, 2023

Air Travel Trends: Indias Rising Importance in the Global Passenger Market

Seshadri Sen discusses the impact of BJPs majority in the upcoming elections on the economy, focusing on manufacturing, infrastructure, and capital goods sectors. sen says the the only negative outcome for the markets is that the BJP falls considerably short of the absolute majority. All other outcomes are largely the same.

As India is actively promoting tourism to various destinations, there is also a push towards sustainability from all stakeholders.

Recently, BSNL sold one of its properties in Lucknow to the Income Tax department for around Rs 229 crore, which was the market value of the building.

CLSA has labeled certain stocks as Modi stocks which have performed well recently. Sanjiv Bhasin from IIFL Securities suggests booking profits in these stocks, especially PSUs. He recommends focusing on FMCG, private banks, and specialty chemicals for better performance. He also says if one is interested in pharma stocks, it is better to buy a pharma fund.