PUBLIC SECTOR COMPANIES
Don't be nuts!
A man walks into a bar. It's empty, except for the bartender. He sits down and orders a drink. He hears someone whisper, 'Psst... I like your tie.' The man looks around but doesn't see anyone. 'Psst... that colour looks nice on you.' He asks the bartender, 'Excuse me, but are you speaking to me?' The bartender rolls his eyes and says, 'No, sorry about that. It's the peanuts. They're complimentary.'
Bond inclusion positive for banks; return of FII flows to benefit private banks: Pranav Gundlapalle, Sanford C Bernstein
Private sector banks, particularly HDFC Bank, are poised for growth and profitability. Indian bond inclusion may impact liquidity and interest rates, benefiting the banking sector. Public banks face challenges in profitability and growth compared to private counterparts. Regulatory actions in the NBFC sector may favor established players like Muthoot, says Pranav Gundlapalle.
Amazon cloud giant AWS wants public sector to embrace AI
Amazon's AWS, the world's biggest cloud computing outfit, is making a major push to entice the public sector to join the artificial intelligence revolution, as the generative AI race with Microsoft and Google heats up. The scramble for public sector adoption of generative AI comes as Microsoft's cloud business as well as Google Cloud are trying to bite into AWS' leadership of the market.
3 themes to bet on now for pre-Budget plays: Gurmeet Chadha
Gurmeet Chadha says that the market is trying to position on the pre-Budget period. But there are very few pockets which give a lot of valuation comfort. So, we have to be very selective in terms of what we buy and ensure that we do not end up paying very unreasonable valuations in those pockets.
Headwinds of high FPI exposure, but good for long term: 6 stocks the financial services sector with an upside potential of up to 25 %
One of the most intriguing aspects of presenting the return performance of stocks, or any asset class for that matter, is how a slight adjustment in the calculation date can dramatically alter the perception, making the glass appear either half full or half empty. This phenomenon is particularly evident in the case of financial service stocks. Recently, these stocks have often been portrayed as underperformers. However, this overlooks the fact that over the long term, they have provided substantial returns and generated significant wealth. The short-term underperformance of these stocks can be attributed to their heavy ownership by Foreign Portfolio Investors (FPI). As FPIs have been net sellers in Indian equities, financial service stocks have faced selling pressure. Nevertheless, the relative decline in stock prices is considerably less severe than in previous instances of similar selling activity. Given the robust fundamentals of these stocks compared to a few years ago, it is prudent to view them from a long-term investment perspective.
Private banks further consolidate lending market share
These banks including the banking sector leaders such as HDFC Bank and ICICI Bank account for a majority share in service sector credit at 51% in FY24. In retail credit, public and private sector banks account for equal share at 49% each.
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Chakri Lokapriya's top midcap stock picks for near term
I think defence, semiconductor, industrial, infra are easy reforms for the current government in the current shape to continue because even the allies, for instance, Naidu is a very reform-oriented person.
Niteen S Dharmawat on 3 high conviction themes to bet on for next few years
From highest conviction perspective, the chemical and agrochemical sector that I mentioned, then infrastructure is another sector where we will see many investments coming in.
Startups seek advice on IPO timing in choppy markets
Multiple new-age companies looking to go public are seeking counsel on their next moves in response to the stock market volatility following the general election results on Tuesday. These companies are looking for advice on the timing of their public listings even as they remain confident about India's macroeconomic prospects, founders, investors and investment bankers told us.
PSU stocks feel poll result heat; Cochin Shipyard, Bharat Dynamics worst hit, fall up to 10%
PSU stocks like Cochin Shipyard and Bharat Dynamics fell by 10% following the BSE PSU index's 4% drop post Lok Sabha election results. Analysts remain positive on PSUs as they see government entities having an advantage.
Railways stocks tank up to 33% in 2 days following narrow BJP-led NDA's election win
In today's trade, railway stocks fell by up to 17%. Titagarh Rail shares tumbled 33%, while Ircon declined by over 26%. Meanwhile, RailTel and IRCTC also fell by over 19% in the past two sessions. Shares of RITES, IRFC, RVNL, Texmaco Rail Systems, and Jupiter Wagons saw declines of between 18-23%.
Raamdeo Agrawal's advice to SIP investors amid market correction
Market loves myth, I mean myth of public sector company, myth of private sector company, I think that has to be broken down but markets works the way it works, I mean they love to put PSU as a separate category altogether and private sector as a separate category and that is how they pick stocks.
What big bulls on D-Street said on market, election trends and investment strategy
Markets initially reacted based on the exit polls, which seemed to foster a lot of optimism. Many expected a post-election rally, as indicated by conversations suggesting bullish sentiments. Therefore, the reaction observed on Tuesday can be seen as a reflection of those high expectations, observed majority of analysts.
GIFT Nifty soars 800 points; here's the trading setup for today's session
Equity markets faced pressure last week due to election uncertainties and FII selling. Analysts predict a positive market reaction on Monday post BJP win in exit polls.
Indian weapons falling into wrong hands? Defence Ministry tightens monitoring
The defence ministry is enhancing monitoring of defence equipment production and requiring companies to adhere to end-user certification rules for exports. The sector has seen a surge in arms and weapons production, particularly in response to the Ukraine-Russia crisis.
View: India’s state sector is thriving. That’s a problem
Ten years ago, Narendra Modi, a supporter of private sector growth, became India's Prime Minister. His focus on reviving public-sector companies challenges the expectation of minimal government involvement in business.
Banking sector is the place to be, don’t be put off by FII selling: Andrew Holland
Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies LLP, discusses the impact of FII selling on bank stocks and the upcoming market trends post-elections. Coming to pharma, Holland says the bottom was hit some months back for the whole sector and the prospects are starting to look better not just locally but overseas as well.
Nifty Midcap 150 hits another high; Vix hints at some fear
The index rose 0.3% to end at 19,413 - a record close, while the benchmark Nifty gained 0.1% to close at 22,529.05. The volatility index, or India VIX - market's fear gauge, jumped 6.3% to 21.81, suggesting traders see risks in equities in the near term.
Best banking & PSU mutual funds to invest in May 2024
Mutual fund advisors say banking & PSU debt schemes are ‘relatively’ safe because these schemes invest only in bonds and papers of banks and public sector companies. Since most of these entities are government-backed, they don’t have the credit risk.
Indian banking sector pips IT as net profit tops Rs 3 lakh crore in FY24, rises 39% YoY
India's banking sector reached a historic milestone with a net profit surpassing Rs 3 lakh crore in FY24. The combined profit of listed public and private sector banks surged by 39%, totaling Rs 3.1 lakh crore compared to Rs 2.2 lakh crore in FY23. This amount roughly equals the cumulative quarterly profits of all listed companies in the initial three quarters of the fiscal year.
Set up system for reporting adverse events: Regulator to medical device companies
The government mandates companies to carry out post-market surveillance (PMS) of medical devices with an aim to ensure the safety and performance of the devices.
Can't direct CBI to register FIR: Special Court to MMTC on coal import scam
A special court has rejected a request from the Metals and Minerals Trading Corporation of India (MMTC) for the Central Bureau of Investigation (CBI) to file an FIR regarding purported corruption linked to the import of coal from an Australian company at exaggerated prices in 2009, according to officials on Thursday.
Large PSUs' capital expenditure reaches ₹50,200 crore in April FY25, slower growth than previous year
Large public sector companies in India spent over Rs 50,200 crore on capital expenditure in April FY25, 6.46% of the annual target of Rs 7.77 lakh crore. Spending was lower than in April FY24. The Finance Ministry expects spending to increase. Railways, roads, and oil and gas sectors drove the expenditure.
Government gains PSU muscle as stocks climb peaks
The value had touched a high of 22% of total market capitalisation of listed firms in June 2009, dropping to a low of 5.1% in September 2020 before doubling since then, according to data from primeinfobase.com. Re-ratings amid large valuation discounts, high dividend yields, record cash flows and news of possible privatisation triggered a sharp rally in public sector companies over the last three years.
State-run cos thriving under PM Modi's leadership: FM Nirmala Sitharaman
A high-level expert panel on floor wages in India is set to re-examine the wage rates finalised earlier, considering minimum wages notified by all states across three categories. The panel, led by SP Mukherjee, will hold its final meeting on May 27 and submit its report to the new government by June 2024. The three-year term of the expert committee, established in 2021, will end on June 30, 2024. The report is expected to outline a roadmap for periodic review of floor wages based on updated data sets and methodology changes.
Indegene IPO booked over 10x so far on Day 3. Check subscription, GMP and other details
Indegene IPO GMP: On the final day of the initial public offer (IPO), Indegene was booked a little over 10 times so far on Wednesday, the last day of the bidding process.
Indegene IPO booked over 4x so far on Day 2. Check subscription, GMP and other details
Indegene's IPO oversubscribed 4 times on the second day, led by non-institutional investors; QIB portion least subscribed.
Indegene IPO fully subscribed on Day 1. Check subscription, GMP and other details
On the first day of bidding, the initial public offering (IPO) of Indegene Ltd received a steady response, primarily fueled by strong interest from non-institutional investors (NII).
2 public sector companies in the energy space line up with 5-8% gains
Nifty hit a high soon after opening but could not maintain the altitude due to selling pressure. It dipped into negative and closed with a loss.
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