Q2FY26 company results: ICICI Lombard, Ireda, ICICI Prudential Life Insurance, and Leela Palaces Hotels & Resorts will also release their Sept quarter earnings reports today
Technical charts flag up to 22% downside risk for PSU bank shares such as Indian Overseas Bank, Uco Bank, Central Bank of India and Punjab & Sind Bank as government stake sale buzz looms.
Systematix noted that PSBs witnessed a remarkable turnaround in FY25, reversing the decade-long decline in their advances market share
Breakout stocks: GMR Airports, Mahanagar Gas, Redington, JSW Infrastructure and Bank of Maharashtra can rally up to 28%, suggest technical charts.
Thus far in the month of September, Nifty PSU Bank index has outperformed by surging 7.5 per cent, as compared to 3.7 per cent rise in the Nifty 50.
Bank of Maharashtra will raise Rs 2,000 crore via equity issue by FY26 to meet SEBI's 75% public shareholding rule, reducing government stake from nearly 80%