Psu Pack News Today

Amit Khurana, Head of Equities at Dolat Capital, expects a broader correction of up to double digits on the Nifty. PSU banks have been downgraded due to mean reversion in credit costs. Some pockets of the PSU universe, such as city gas distribution companies, still offer value. Shriram Finance is viewed positively.

Samir Arora, Founder of Helios Capital, discusses the performance of HDFC Bank, his investment in Paytm, and the attractiveness of PSU names. He highlights the impact of mega trends like digitisation and China plus one strategy on the Indian market. Arora also emphasizes the importance of FII flows. Many investors following trend had landed up in China and put big amounts and have burnt their fingers. They now want to come to India

Rahul Shah advises clients to stay invested in the PSU theme and sees Zomato as a long-term opportunity. He is bullish on Blinkit and expects continued growth in delivery business. Additionally, he highlights the potential of PSU banks, Vedanta, SBI, HDFC Bank, BPCL, and HPCL. Shah says one should buy BPCL and HPCL on dips.

Sudip Bandyopadhyays ays the news of HDFC Bank obtaining RBI approval to acquire more stake in Yes Bank as positive. He highlights Yes Banks advanced technology, which sets it apart from other smaller private banks. Trent, a company Bandyopadhyay commends, has achieved consistent performance and success in various segments. However, he expresses concern about Trents high valuation.

Siddhartha Khemka says: “We believe that there are various sectors where the valuations are comfortable, the earnings are picking up. So, if you take the example, earnings for several sectors which have been sluggish for the past several years, have been picking up. These are sectors like automobiles, real estate, capital goods, infra, industrials, utilities, hotels.”

Hiren Ved says: “I continue to be extremely bullish for the next couple of years. There is no reason to be bearish. You should be mindful of what you buy, at what price you buy. You will have to keep a long-term horizon. But the kind of wealth that we will make in this cycle is going to be unbelievable. Meanwhile be confident and prepare for the worst.”

“The IREDA stock has done quite well. I am sure you know about it. And I think going forward, we feel that a lot of other stocks and the entire other sectors, and especially in the financial space, looks quite promising. One should look at booking profits at this level.”

“We have a strategy that we call concentrated microtrends where we are really focusing on those parts of the market where we are seeing value creation happening. For example, in BFSI, we see these banking franchises as being one microtrend, asset quality normalisation being another microtrend. The entire space looks very attractive over the coming decade as India as an economy grows.”

“We find real estate to be very attractive. We are playing it through real estate, cement, building material companies stocks. We are trying to identify companies which have got the right balance of growth and valuation. Because of the kind of run-up that we have seen over the last four, five months, a lot of the stocks, have become very expensive in terms of valuations. We are trying to strike a balance between growth and valuation.”

Mukherjea said the first thing he considers in any investment is the clean accounting. He said the are about 300 BSE500 companies where accounts are believable.