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Kotak Institutional Equities highlights the flawed rally in PSU stocks driven by bullish sentiments and incorrect valuation methodologies. The rally lacks meaningful change in fundamentals or structural reforms. Concerns arise about the long-term viability of PSUs due to reinvestment in sunset industries and government policies.
Discover this analyst opinion for continued bullish momentum in NQ futures market and the potential for new highs, while keeping an eye on critical levels. Earnings reports by MSFT and GOOG tonight, with mild optimism shape NQ's trajectory. Stay informed with ForexLive.com. Trade at your own risk.
The state-run PSU's acquisition of a controlling stake in Numaligarh Refinery (NRL) and the hope of an increase in oil production have resulted in a revision in its earning estimates, say analysts, some of whom see the stock almost doubling.