Retail investor-driven PSU stock rally a play on momentum, dividend yield: Bernstein
Bernstein said FII crowding can be seen in NMDC, Bharat Electronics, HAL, Bank of Baroda, Canara Bank, Indian Bank and Union Bank.
Source: businesstoday.in
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Looking for PSU stocks to buy? Go with momentum, dividend yield, says Bernstein
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.
Source: indiatimes.com
stocks to buy now: Chart Check: Rajesh Palviya's 2 top picks in near term
Rajesh Palviya, of Axis Securities, says Godrej Property and BEL are promising in the real estate space. Godrej Property has a near-term target of Rs 2,450 with a stop loss of Rs 2335. BEL is consolidating and can extend momentum towards Rs 198-202. Prataap Snacks and Graphite are also showing positive trends.
Source: indiatimes.com
As PSU valuations soar, high-momentum, dividend-yielding stocks look brighter: Bernstein
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.
Source: moneycontrol.com
PSU stocks rally driven by retail investors
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) ...
Source: prokerala.com