An analysis by ThePrint of the stock prices and underlying fundamentals of the listed central public sector enterprises (CPSEs) has found that 19 public sector companies, operating in railways, power, housing, shipping, metals, telecom, and heavy machinery spaces have seen their stock prices surge over 100 percent over the past year, with many seeing a … Read more
“But, the whole consensus, if you look at, let us say, for example, a company like GAIL or Petronet, everybody has a sell call, but the company is delivering, ROE is at 20-22%, then at some point people will want to participate there,” says Hemang Jani, Independent Market Expert. We were just debating earlier today … Read more
MUMBAI: The recent rally in the stock price of life insurance major LIC on Wednesday helped it replace banking major SBI as the most valued government-run company in the country. At the close of the day’s trade, LIC had a market capitalisation of Rs 5.61 lakh crore compared to SBI’s Rs 5.59 lakh crore, BSE … Read more
MUMBAI: Investor wealth, as measured by BSE market capitalisation, surged by about Rs 85 lakh crore in 2023, of which Rs 16 lakh crore – or nearly a fifth of the overall gain – came from state-owned companies. The combined market of 65 odd public sector undertakings jumped by 45% in 2023 in line with … Read more
“Most of the PSU and private banks have started performing and the recovery is taking place in the PSU space or PSU bank also,” says Rajesh Palviya, Axis Securities. Record high levels coming in for Nifty 50. Where you are eyeing next is 21,000 also on the cards and on the Bank Nifty, 1,000 points … Read more