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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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