Retail investors lost interest in PSU stocks in Q2. Is it too early to sell?
Retail shareholding in 18 PSU stocks fell in the September ended quarter (Q2FY25) versus April-June period amid valuation worries, market downturns and Lok Sabha election results shocker after exit polls gave an overwhelming victory to the Bharatiya Janata Party (BJP) led NDA alliance. Is there a silver lining? Here’s what experts opine! National Aluminium Company…
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SBI, NTPC among 53 PSU stocks to see retail holding go up in Q3CY24 vs Dec 2023 quarter
Retail holding in 53 stocks in the BSE PSU index has gone up in the 9 months ended September 30, 2024 versus the December 2023 quarter and in this, 33 public sector stocks have outperformed the Nifty on the year-to-date basis. As against 13% returns by S&P BSE Sensex in CY24 so far, the returns…
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Q2 review: 14 stocks in BSE PSU index rebound from 52-week lows, 5 turn multibaggers
With Q2FY25 earnings behind now, a performance analysis of PSU companies reveals 14 stocks which have not just shown a double-digit growth in their July-September quarter revenue and net profit but also posted double-digit returns from their respective 52 week lows. In this, five stocks are multibaggers viz. National Aluminium Company (NALCO), Housing & Urban…
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PSU stocks surge up to 11% as Maharashtra election results boost market sentiment
PSU stocks saw a strong rally in Monday’s intraday trade following the BJP-led Mahayuti alliance’s resounding victory in the Maharashtra Assembly elections. Shares of Bank of Baroda, Indian Bank, HPCL, PFC, IRFC, BEL, RVNL, Bharat Dynamics, NBCC, GAIL, Concor, SAIL, and others surged between 3% and 11% in an overall positive market. Among PSU stocks,…
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NSE indices shakeup to trigger $633 million inflows for 5 PSU stocks
The NSE Indices Committee recently announced the September 2024 semi-annual reshuffle, affecting major indices such as the Nifty 50, Next 50, Nifty 100, and Nifty Bank. Effective September 30th, these adjustments are expected to significantly impact fund flows within the market. Two sectors, in particular, are poised for significant activity: retail and defense. In the…
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GRSE shares surge up to 7% on signing of MoU with NHIDCL
Defence PSU stock GRSE (Garden Reach Shipbuilders & Engineers) on Friday rallied up to 7% to the day’s high of Rs 1,876 after it signed a Memorandum of Understanding (MoU) with National Highway Infrastructure Development Corporation. The MoU signed on Thursday was for the fabrication, supply, and launching of Double-Lane Class 70 Modular steel &…
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Mazagon Dock, GRSE shares fall up to 12% in 3 days. Here’s why
Shares of PSU stocks Mazagon Dock Shipbuilders and Garden Reach ShipBuilders (GRSE) have fallen nearly 12% and 7.4% respectively in the last three days after the domestic brokerage firm ICICI Securities issued a bearish report on Thursday predicting a downside potential of up to 77%. The domestic brokerage firm had retained its sell rating for…
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PSU banks’ Q1 results decent, but are valuations supportive of next leg of the rally?
Despite a decent Q1 performance, PSU bank stocks have struggled over the past month, falling nearly 6% (as of August 13), with concerns over valuations in the overall PSU sector weighing on the market. Experts ETMarkets spoke to anticipate stock-specific action rather than a runaway rally. Here’s why! Barring State Bank of India (SBI), which…
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