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
MUMBAI – Private banks, which have always been the favourites of institutional investors, lost the spot to public sector banks who are touching the sky riding on retail bulls. So far in 2024, all public sector banks have given double-digit returns to investors. On the contrary, private sector banks have seen single to double-digit fall … 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
Mahindra & Mahindra. Share Price 1723.80 10:19 AM | 15 Feb 2024 66.75(4.03%) Bharat Petroleum Corporation. Share Price 643.30 10:19 AM | 15 Feb 2024 19.65(3.16%) Oil And Natural Gas Corporation. Share Price 276.75 10:19 AM | 15 Feb 2024 7.90(2.94%) Coal India. Share Price 476.80 10:19 AM | 15 Feb 2024 10.45(2.25%) NTPC. Share … Read more
Mumbai: Investors who had almost written off public sector banks in favour of their private peers are being forced to reconsider some of their choices, at least for now. As state-owned lenders witness a on better asset quality and improved profitability, their shares have been topping the returns charts with several of them at multi-year … Read more
State-owned Indian Overseas Bank’s (IOB) market capitalization crossed the Rs 1 lakh crore mark for the first time following a 100% rally in the stock over the last six months. In Friday’s trade, the stock rose over 6.5% to hit a 52-week high at Rs 55.5, backed by heavy volumes on the NSE. A total … Read more
A day after the Budget 2024 announcement, shares of PSU Banks rallied up to 20% in Friday’s intraday trade on BSE as a sharp drop in bond yields is set to boost their treasury portfolio. Yields on government bonds slumped after Finance Minister Nirmala Sitharaman pegged the gross and net market borrowing for FY25 at … Read more
MUMBAI: Dalal Street investors were richer by about Rs 46 lakh crore during Samvat year 2079 that ended on Friday with net buying of Indian stocks by foreign and domestic investors together worth over Rs 3.2 lakh crore. The two leading indices – the sensex and Nifty – showed gains of about 9.5%, compared to … Read more
Public sector banks, which have been outperforming their private sector peers by a wide margin over the last couple of years, continued to do so in the last quarter as well, giving handsome returns to investors. Such was the show that foreign portfolio investors (FIIs) raised their stake in 13 out of the 14 listed … Read more