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…
READ MOREDefence 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 &…
READ MOREShares 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…
READ MOREDespite 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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