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Inside The 2024 Elections: Policy Complacency Risk Or Is It Too Optimistic?

Inside The 2024 Elections: Policy Complacency Risk Or Is It Too Optimistic?
forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.

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PSU stock froth persists: Q4 test for financial endurance

Shares of public sector enterprises have corrected by up to 22 per cent month-to-date until March 19, 2024.

Analysts attribute this steep fall to the valuation exuberance seen after a sharp run in these counters last year and suggest investors remain selective regarding the stocks in this space.

'The rally in public sector undertaking (PSU) stocks has been stretched and sharp, although it is somewhat justified by improvements seen in earnings, operations, balance sheets, and overall profitability.

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Elevated mid, small-cap valuation led Sebi to act

Elevated mid, small-cap valuation led Sebi to act
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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investment cycle: Is it time to sell capital goods stocks & buy rural facing ones? Sanjeev Prasad explains

Sanjeev Prasad, Co-Head of Kotak Institutional Equities, discusses the residential investment cycle, the struggle of consumption, and the importance of income growth and stabilizing product prices. He suggests buying rural facing companies and highlights India's strong market performance in a global context. Even in a global context, given China struggles on a relative basis in emerging markets, India looks pretty decent.

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Short Call | Earnings picture hard to ignore; L&T, Dixon, Alkem, Kirloskar Ferrous in focus

Kotak strategists Sanjeev Prasad, Anindya Bhowmik and Sunita Baldawa are unsure if most PSU stocks will see meaningful earnings upgrades over the coming 12-24 months, to be able to justify the high valuations

India , Dixon-technologie , Sunita-baldawa , Umesh-sharma , Anindya-bhowmik , Sanjeev-prasad , Edwin-lefevre , Tata-motors , Tata-steel , Kotak-institutional-equities , Compal-smart , Short-call

stock market outlook: Stocks are overvalued but no reason to expect a big correction in market: Sanjeev Prasad

Sanjeev Prasad sees no concerns on the horizon. PSU stocks are up without change in fundamentals. Most sectors and stocks are overvalued, except for largecaps and defensive sectors. Core inflation decrease may lead to US Fed cutting rates. India's macroeconomic situation and growth are looking decent. Investment has improved for private households and public sector capex.

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Are Indian Markets Overstretched?

The index is currently trading at 149 per cent of its historical P/B valuation, surpassing its previous peak of 125 per cent made in 2020-21.

India , Aurobindo-pharma , Anindya-bhowmik , Sanjeev-prasad , Lok-sabha , Amit-kumar , El-nino , Varun-lohchab , Sunita-baldawa , Dominic-xavier-rediff , Titan-company , Oil-gas

Jefferies stays bullish on PSU stocks: SBI, Coal India, NTPC lead the way

Notwithstanding the recent sharp decline in the stocks of public sector companies, analysts at Jefferies remain bullish on this segment.

State Bank of India, Coal India, and NTPC are their top picks in this space, they said in a recent note.

The public sector undertaking (PSU) or state-owned enterprise (SOE) index, with a 70-percentage-point outperformance versus the National Stock Exchange Nifty50 over the past 12 months, comes after a decade of underperformance before 2020.

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PSU bank stocks vs private banks: Who will win the race in the tale of two opposites

Private banks are trading at a price-to-book (P/B) valuation of 2.3 against the 10-year average of 2.5. On the other hand, the PB of PSU banks is at 1.2 against the long term average of 0.8.

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