E-PaperPsu News
FY24 Stock Market Recap: BSE PSU index gains 92%, 37 stocks surge over 100%; check top gainers
Indian state-owned companies' stocks surged in FY24, outperforming mid- and small-cap stocks. BSE PSU index nearly doubled, boosted by govt's capex spending hike and anticipated BJP victory. Railway, power, defence, and oil sectors also showed impressive gains.
3 min read29 Mar 2024ICICI Bank stock check: Amidst PSU banks spotlight, why experts still prefer this private sector lender?
Despite the prevailing favoritism towards public sector banks, one private sector lender stands out as a top pick among experts: ICICI Bank. Let's take a look at the fundamental and technical outlook for the stock in the long term. Why is it still a good buy? Here's what experts say.
5 min read21 Mar 2024SBI vs Bank of Baroda: Which PSU bank stock should you pick for long term?
The Nifty PSU Bank index alone has delivered impressive returns of over 83%, overshadowing the 19.5% returns of the Nifty Bank index, in the last 1 year. Let's analyse between the State Bank of India (SBI) and Bank of Baroda (BoB), which PSU bank stock has better long-term investment opportunities.
7 min read16 Mar 2024PSU banks: Kotak Equities raises SBI share price target, downgrades Canara Bank and PNB
On SBI's outperformance with other public banks, Kotak analysts said the premium at which SBI is currently trading to Bank of Baroda and with other mid-tier public banks has declined sharply and is closer to the best of times.
2 min read29 Feb 2024Mint Primer: Is the market’s PSU narrative overstretched?
The BSE PSU Index has doubled to 18,918.03 in the current fiscal year through 20 February as mutual funds and retail investors have stepped up buying stocks with relatively lower free float
2 min read22 Feb 2024Unless you are averse, buying PSU stocks seems like a no-brainer, says Emkay
PSU re-rating, however fast and furious, should not be taken lightly, believes brokerage house Emkay. With elections coming soon and investors remaining open to all ideas, as long as a risk/return playoff makes sense - Unless you are averse to buying PSUs, this seems like a no-brainer, it said.
5 min read19 Feb 2024What fund managers think of the current PSU rally
Insights from four fund managers on the underlying PSU sector dynamics and trends
4 min read14 Feb 202466 Nifty 500 stocks rallied between 20% and 104% in CY24 so far; NBCC, SJVN, UCO Bank among top performers
PSU stocks in the Indian market have performed well despite the volatility caused by various factors. NBCC (India) has shown the highest return of 104%, followed by Infibeam Avenues with nearly 70% return and IRB Infrastructure with nearly 69% return.
3 min read6 Feb 2024Budget 2024: PSU stocks soar on capex boost, BSE PSU index sets new record; check how NBCC, NTPC and others are trading
PSU stocks continue to surge, with the BSE PSU index reaching a record peak of 18,025 points. The rally is attributed to increased capital expenditure in the interim budget for 2024-2025, benefiting PSU companies.
4 min read2 Feb 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared