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Twin tailwinds of faster economic growth and long-awaited sectoral re-rating. 5 PSU banks with an upside potential of up to 24%

In March's market correction, the initial correction was led by PSUs. Both PSU banks & non-bank PSU. Given that both sets of gained sharply, profit booking was natural. But if one looks at the broader contours it is clear that while the PSU banks corrected, the magnitude of the correction was not very high. For example, if after gaining over 100% in 2023, the stock corrects 10-15 %, it is a bullish sign and not bearish. If one looks at the table, in all time frames the selected PSUs have delivered positive returns except in one stock where 1-month returns are negative. This trend is normally witnessed when there is more delivery-based buying based on positive fundamental changes. As the economy continues to move on a path of higher growth, they probably are the best to play the theme, if you are able shed historical baggage which sometimes hit the Street.

Market-research , Unlimited-access , Economic-times , Saver-sale , Membershipclaim-offer , New-financial , Economic-times-stories , Industry-trends , Virtual-events , Stocks-to-buy , Stock-ideas

PSU bank stocks rise, IOB up 8%, Union Bank surges 2%; here's why

PSU bank stocks rise, IOB up 8%, Union Bank surges 2%; here's why

Canara , Karnataka , India , Baroda , Gujarat , Union-bank , Canara-bank , Indian-overseas-bank , State-bank , Bofa-securities , Psu-banks

Anshul Saigal: PSU banks offer better opportunity for outsized absolute returns in next 1-2 years: Anshul Saigal

Anshul Saigal analyzes the potential returns of PSBs compared to private banks, discusses VIP and Safari's competition, and highlights the impact of US FDA regulations on Indian pharma companies, emphasizing improving business models. On Piramal Pharma and Wockhardt, he points out their business models are improving without recommending a buy.

India , Lucknow , Uttar-pradesh , Anshul-saigal , Piramal-pharma , Offering-college , Indian-school-of-business , Mercedes , Saigal-capital , Leadership-excellence , Executive-officer , Might-also-like

General Elections 2024: An upmove seems more likely than a correction ahead of polls, says Shauryam Gupta of Rupeezy

Shauryam Gupta, CEO - Rupeezy, believes that given that the market has factored in the prevailing political climate, an upmove seems more probable than a market correction ahead of elections.

India , Edited-excerpts , Markets , Indian-stock-markets , Stock-market , Equity-markets , Indian-markets , General-elections-2024 , Shauryam-gupta , Market-correction , Midcaps

smallcaps: April will be a consolidation period for midcaps and smallcaps: Vishal Malkan

Vishal Malkan expects midcaps and smallcaps to consolidate in April. Nifty to remain range-bound. Dr Lal PathLabs surges, correction awaited for entry. Weakness in Nifty IT index continues. Malkan says: "I like the main part of PSUs like the PSU banks which are my favourites. Canara Bank and PNB are my top two stocks for this year."

Lucknow , Uttar-pradesh , India , Kozhikode , Kerala , Canara , Karnataka , Lal-pathlabs , Vishal-malkan , Vishal-malkanof-malkansview , Canara-bank , Offering-college

PSU banks lead decline in complaints with regulator

India Business News: RBI's integrated ombudsman has recorded a decline in the volume of grievances from regulated entities in FY23. Grievances dropped to 2.35 lakh in FY2

Mumbai , Maharashtra , India , Business-news , Regulated-entities , Psu-banks , Ombudsman , Grievances , Decline ,

psu stocks to buy: Want to get into some of the hottest sectors in market now? PSU is the name of the game: Ajay Srivastava

Ajay Srivastava, CEO of Dimensions Corporate, believes that investing in PSUs is essential in sectors like transmission, defence, big power, and oil retailing. PSUs will get more traction certainly in the five sectors we have spoken about just now because simply there is none which exists. Despite market difficulties, focusing on trending sectors and considering large NBFCs can lead to better returns compared to banks.

Lucknow , Uttar-pradesh , India , Kozhikode , Kerala , New-york , United-states , Brookfield , Bharat , Ajay-srivastava , Offering-college , Dimensions-corporate

Nifty hits new high before closing at day's low

Domestic equities traded lackluster on Friday despite Nifty touching a new high of 22,297 intra-day for the fifth consecutive session, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.

India , China , Mumbai , Maharashtra , Vaibhav-vidwani , Maruti-suzuki , Titan-company , Dr-reddy-labs , Research-analyst-at-bonanza-portfolio , Nifty-realty , Siddhartha-khemka , Retail-research

#5DaysBanking #SavePSB: Young bank activists are fighting a quiet battle

Organized labour unions with clear political affiliations have been the face of bank activism for long. They stage physical protests, marches with flags and at times resort to strikes. But, how younger employees from state-owned banks agitate is changing.

Canara , Karnataka , India , Baroda , Gujarat , Japan , Bhagwat-karad , Ashish-mishra , Whitecollarmazdoor-bankerdihaadi , Sourabh-mishra , Kr-shyam-sundar , Dinesh-khara

Mint Primer: Is the market's PSU narrative overstretched?

The BSE PSU Index has doubled to 18,918.03 in the current fiscal year through 20 February as mutual funds and retail investors have stepped up buying stocks with relatively lower free float

India , Power-grid-corporation , Coal-india , Psu , Psu-rally , Psu-banks , Stock-market-psu , Psu-stocks ,