Bank, energy stocks most consistent performers of last 10 years. Should you buy, hold, or book profits?
While the Nifty has ended in the green nine times in the last 10 years, energy and financial services are the only sectors that have matched the 50-stock index in terms of positive outcomes. Both sectors have also delivered superior 10-year CAGR returns of 16% and 13%, respectively, versus 11% by the Nifty. Another striking…
READ MORE
Govt plans minority stake sale in 4 PSU banks: Report
NEW DELHI – The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country’s markets regulator, a government source told Reuters. The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank…
READ MORE
Nifty Bank underperforms Nifty50, most sectoral peers. Should you still bet on financials?
While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight…
READ MORE
A play on revival of capex cycle: 5 PSU banks with an upside potential of up to 36%
Synopsis After a gap of almost three months, PSU banks witnessed an across the board up move. If one looks deeper, even in the last three months of correction or rather consolidation, the cut in PSU stocks was not very high. They moved in a sideways range. This is very different if one takes into…
READ MORE