The Rs 6.76 lakh crore blockbuster rally in PSU bank stocks, which gave 7 multibaggers in last one year, is now staring at a turning point as the Sebi deadline to meet 25% minimum public shareholding (MPS) rule ends this August. Besides improvement in fundamentals such as sharp earnings growth and the turnaround in asset … Read more
While bulls aren’t yet ready to give up on the potential of PSU bank stocks given the sharp earnings turnaround, the case for the underdogs is getting louder as the valuations of PSU banks are at historical highs while private banks are languishing near decade-long lows. Private banks are trading at a price-to-book (P/B) valuation … Read more
Central Bank of India, part of the public sector banking space, has more than doubled investors’ wealth in the last six months and is on track to hit fresh 52-week highs. Short-term traders can look to buy the stock now or on marginal dips as the momentum remains strong which could take the stock towards … Read more
NEW DELHI: The Centre is once again set to miss its target for privatisation of state-run companies in the current financial year as the process has nearly stalled, and with general elections on the horizon, the appetite for progress on this crucial policy issue would be limited.In the past nearly a year, the process has … Read more
SBI Life Share Price 1413.95 03:58 PM | 17 Nov 2023 54.00(3.97%) HDFC LIFE INSURANCE Share Price 651.80 03:59 PM | 17 Nov 2023 16.85(2.65%) Apollo Hospitals Enterprises Share Price 5478.95 03:58 PM | 17 Nov 2023 140.20(2.63%) Larsen & Toubro Share Price 3109.00 03:59 PM | 17 Nov 2023 57.85(1.90%) Hero MotoCorp Share Price … Read more
Public sector undertaking (PSU) banks have gained significant attention of investors over the past few quarters following their improving financial condition and better asset quality. The Nifty PSU Banks index has gained over 38% in the past 12 months compared with around 6% gain of each of the Nifty 50 and the ET 100 indices. … Read more
Mumbai: Kolkata-based steel tubes and pipes maker Jindal (India), part of the BC Jindal Group, has emerged as the sole bidder for debt-laden Future Enterprises (FEL) after a more than eight-month process. Jindal’s plan was the only one received by creditors till the end of business on Friday, the last date for submission of resolution … Read more
NEW DELHI: State-owned Bank of Maharashtra (BoM) retained the top spot among public sector lenders in loan and deposit growth in percentage terms during the second quarter of the current financial year. The deposit and advances of the Pune-based lender posted an over 20 per cent rise, the highest by any public sector bank during … Read more
Mumbai: Lenders to the debt-laden textile company Sumeet Industries are in negotiations with the Gujarat-based Gajera Group to improve its offer after its initial bid to take over the company was bettered by Geelon Industries, three people familiar with the matter said. Banks are seeking more than ₹250 crore for the company in an all-cash … Read more