So depending on the risk appetite, one can select the banking stocks one wants to invest in. The next least 6 to 12 months will be very positive for PSU banks and most PSU banks will outperform their private sector peer group by a huge margin. Beyond one year, one cannot say but the next 6-12 months look very exciting as their credit costs drop significantly and they benefit from resolutions and write-back of provisions. Pre-provisioning operating profits will remain strong. From June quarter onwards, we could see a fantastic spike in earnings for PSU banks and that will excite a lot of investors and traders and the stock prices would also keep moving up.
The University Park Undergraduate Association passed bill #20-15 during its General Assembly meeting on Wednesday. The bill, which was formed in collaboration with the Days for Girls PSU student organization, will provide funding for âperiod toolkitsâ on campus.
Currently, free menstrual supplies can be found in the HUB-Robeson Center bathrooms. The new bill seeks to expand the number of places where supplies are available to students.
Dedicating just over $700 to the project, the bill will provide for free pads and tampons in the offices of the deans of equity and inclusion in all Penn State colleges.
UPUA and Days for Girls PSU also hope to market the supplies to those who may need them by possibly including a map on the Penn State Go app.
MUMBAI: State-owned
NMDC has announced a dividend of Rs 7.76 per equity share, the company’s board approved Thursday.
“The Board of Directors of the Company at its meeting held on 11th March 2021, inter alia, declared interim dividend at the rate of Rs.7.76 (Rupees Seven and Seventy-Six Poise Only) per equity share of the face value of Re. 1 /- each for the financial year 2020-21,” the company said in a BSE Filing.
The interim dividend shall be paid as per the provisions of the Companies Act, 2013.
This comes at a time when the country is facing an acute shortage of iron ore due to reduced production from mining companies in Odisha and logistical issues due to the pandemic-led lockdown. The prices of iron ore globally surged to a nearly 10-year high and went up by around 63 per cent in India.
Time to moderate expectations from equities: Radhika Gupta
SECTIONS
Last Updated: Mar 11, 2021, 09:17 AM IST
Share
Synopsis
On the equity side, the story lies in broader markets for us, says the MD & CEO of Edelweiss AMC.
ETMarkets.com
Edelweiss AMC.
In terms of the risk-return ratio, where do you think we are when it comes to the return potential?
We will have to moderate expectations from equities. The problem is ending a financial year like 2021 where equities have done what they have done. We will have to moderate expectations from equities going forward. We have been saying this since November that not having equities is a risk and being underweight on equities is a risk. We put out a note that within equities, the wealth creation upside is probably more favourable towards broader markets because they have trailed significantly and we are seeing some signs of that reversion happening.
On the recent consolidation in the market
We have had a phenomenal rally in the markets over the last one year. The index has almost doubled from the lows of last March. Obviously, after such a phenomenal rally, it is very fair for the market just to pause to catch a breath. Obviously there will be a round of profit taking which investors might want to invest in.
There are certain clouds in terms of rising crude oil prices and some concerns on rising rates in the US but I do not think that any of those has a significant influence on India’s long-term growth story. Markets might pause to catch their breath and we might be in for a consolidation or a minor pullback. But beyond that, the bull market remains pretty much alive.