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PSU Bank index: Is it on course to hit new highs?

With improving fundamentals backing the rally in PSU Banks, Nifty PSU Bank index is expected to hit new highs. However, a rally in 2024 that matches the one in 2023 is unlikely. Experts advise cautious optimism in the top-performing index of 2024.

India , Darpan-patil , Nifty-oil-gas , Bank-index , Nifty-oil , Nifty-private , Private-bank , Rupic-consultancy , Psu-banks , Ifty-psu-bank-index , Tock-market , Arket-fundamentals

Unless you are averse, buying PSU stocks seems like a no-brainer, says Emkay

PSU re-rating, however fast and furious, should not be taken lightly, believes brokerage house Emkay. With elections coming soon and investors remaining open to all ideas, as long as a risk/return playoff makes sense - Unless you are averse to buying PSUs, this seems like a no-brainer, it said.

India , China , Lok-sabha , Axis-bank , Bharatiya-janata-party , Omcs-oil-marketing-companies , Kotak-mahindra-bank , Energy-psus , Bankruptcy-act , Oil-marketing-companies , Markets , Psu-stocks-news

PSU banks: Not very keen on pharma now; all the fun and action are in PSU banks: Andrew Holland

Andrew Holland, CEO of Avendus Capital Alternate Strategies, believes that PSU banks are performing well while private banks face challenges. He also comments on the rotational market, pharma and IT sectors, OMCs, metal stocks, and the global market dynamics. He also says, he likes metal stocks a lot, That is an area which will see continued rise over the course of the next month.

Lucknow , Uttar-pradesh , India , China , Kozhikode , Kerala , United-kingdom , Andrew-holland , Nasdaq , Indian-school-of-business , Offering-college , Avendus-capital-public-markets-alternate-strategies

PSU banks: Wait 5 years, no reason more money will not be made in PSU banks even from these levels: Anshul Saigal

Anshul Saigal, Founder of Saigal Capital, discusses the trade of the century in the PSU banking space. PSU banks have similar ROEs and earnings growth as private sector banks, but with lower price to book multiples. I do not see that there cannot be upside in these banks from here as well. However, there are certain pockets where upsides are more or less captured, at least in the short term.

Kozhikode , Kerala , India , Anshul-saigal , Offering-college , Indian-school-of-business , Ministry-of-railways , Saigal-capital , Leadership-excellence , Product-officer , Might-also-like , Psu-banks

PSU banks: For next 3-4 years, PSU banks can be a good bet: Sunil Subramaniam

Sunil Subramaniam prefers good quality in portfolio, whether PSU or private sector, due to capital adequacy and government ownership ensuring governance. He sees value in TVS, M&M, Tata Motors, Maruti. Two-wheelers and entry level passenger cars expected to bounce back. Bullish on commercial vehicles due to capex and election cycle. Ample liquidity in market, mid and smallcaps attracting investment.

Lucknow , Uttar-pradesh , India , Sunil-subramaniam , Tata-motors , Offering-college , Indian-school-of-business , Sundaram-mutual , Leadership-excellence , Executive-officer , Might-also-like , Psu-banks

Nifty 50 Junior outperforms Nifty 50 in February; 12 stocks surge up to 30%

Nifty 50 Junior outperformed Nifty 50 in both monthly and yearly comparisons, with strong returns from stocks like Zomato and Adani Green Energy. Nifty 50 Junior has delivered a return of 5.94% in the current month, while Nifty 50 has gained 1.45% in the same period.

India , Canara , Karnataka , Baroda , Gujarat , Hindustan , India-general- , Zydus-lifesciences , Kapil-shah , Canara-bank , Tata-motors , Indian-oil-corporation

PSU pack: Don't book profits, stay invested; Zomato, PSU pack could be 2-3-year structural stories: Rahul Shah

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.

Kozhikode , Kerala , India , Jammu , Jammu-and-kashmir , Canara , Karnataka , Rahul-shah , Canara-bank-or , Offering-college , Indian-school-of-business , Jammu-kashmir-bank

PSU banks continue winning streak for 3rd day in a row; Canara Bank, BoB, SBI reach new record highs

PSU Banks resume winning streak with gains for the third consecutive session. All 12 constituents of the Nifty PSU Bank index finished today's trade in the green, with Bank of India and Punjab and Sind Bank leading the pack, gaining 5.8% and 5.3%, respectively.

Baroda , Gujarat , India , Canara , Karnataka , Motilal-oswal , Canara-bank , State-bank , Psu-banks , Nifty-50-stocks , Psu-stocks-today

BSE PSU index sinks 4%. Is the party over for these stocks?

India's state-owned companies witnessed a sharp downfall in trading, resulting in a 4% drop in the S&P BSE PSU index. Weak financial performance and profit booking following a recent uptrend in share prices are attributed to the decline.

India , Mishra-dhatu-nigam , Sonam-srivastava , Vikas-nigam , Amit-goel , Punjab-sind-bank , India-assurance-company , Railtel-corporation-of-india , Wright-research , Indian-overseas-bank , Indian-railway-finance-corporation , Ircon-international

Red sea crisis India: Show sensitivity to exporters in view of Red Sea crisis: Finmin to PSU banks

Financial Services Secretary Vivek Joshi has urged public sector banks and insurance companies to handle trade finance and insurance cases sensitively amid the Red Sea crisis. Due to longer shipping routes, exporters face higher trade finance and insurance costs. Joshi emphasized the importance of dealing with these issues with sensitivity to avoid denial of services. The Bab-el-Mandeb Strait crisis has led to increased shipping costs and delays, impacting India's merchandise trade with Europe.

Mediterranean-sea , Oceans-general- , Oceans , India , Red-sea , Djibouti-general- , Djibouti , Indian-ocean , Bab-el-mandeb-strait , Vivek-joshi , Department-of-commerce , Functionaries-of-the-reserve-bank