Page 2 - Psu Stocks
Stocks to Watch on Budget 2024 day, July 23: Defence, Railways, Banks, Agri
Stocks to Watch today, July 23, 2024: The Narendra Modi-led Bharatiya Janata Party (BJP) is all set to present its first Budget under its third term
 "Stocks to Watch on Budget 2024 day, July 23: Defence, Railways, Banks, Agri")
MTNL stock soars 19% as govt deposits Rs 92 cr to pay bond interest dues
In past four trading days, the stock has zoomed 50% on reports that the government was considering the option of handing over operations of telecom company to Bharat Sanchar Nigam Limited (BSNL).
 "MTNL stock soars 19% as govt deposits Rs 92 cr to pay bond interest dues")
Kotak MF launches BSE PSU Index Fund; currently comprises 56 PSU stocks
BSE PSU Index has doubled in the last one year, owing to strong momentum in PSU stocks
 "Kotak MF launches BSE PSU Index Fund; currently comprises 56 PSU stocks")
101 BSE stocks now in Rs 1 trillion market cap club; RVNL, MDL new entrants
RVNL, MDL, Samvardhana Motherson International, Cummins and Indus Towers, have joined the elite club in CY24; These stocks have surged up to 174% thus far this year.
 "101 BSE stocks now in Rs 1 trillion market cap club; RVNL, MDL new entrants")
Geopolitics remains by far the biggest risk to markets, says Chris Wood
Back home, the midcap segment, Wood said, remains vulnerable to a correction. He believes there will also be a temptation for investors to tilt the portfolio more towards consumption plays
 "Geopolitics remains by far the biggest risk to markets, says Chris Wood")
Mazagon Dock Shipbuilders hits 52-week high on bagging 'Navratna' status
The stock price came after the company bagged "Navratna" status from the Department of Public Enterprises, becoming India's 18th public sector undertaking (PSU) to receive this recognition
 "Mazagon Dock Shipbuilders hits 52-week high on bagging 'Navratna' status")
Marching in lockstep: PSU giants roar back, match Nifty's decade returns
Once left behind, PSU stocks close performance gap after 6-year slump
 "Marching in lockstep: PSU giants roar back, match Nifty's decade returns")
Will Modi 3.0 spur rally in PSU stocks again? Selectively, say analysts
PSU stocks to buy: Analysts caution that premium valuation of PSU stocks may lead to limited upside from here
 "Will Modi 3.0 spur rally in PSU stocks again? Selectively, say analysts")
Fund managers pruned PSU exposure ahead of election result-day crash
Sold shares of 9 PSUs worth Rs 9,570 crore in May
 "Fund managers pruned PSU exposure ahead of election result-day crash")
Railway stocks rebound up to 22% on hopes of BJP leading NDA coalition
Railway stocks had corrected sharply on Tuesday after the results of 2024 Lok Sabha elections showed that the BJP had failed to cross the halfway mark of 272-seats
 "Railway stocks rebound up to 22% on hopes of BJP leading NDA coalition")
848 stocks hit lower circuit on June 4 post LS polls. Here is what it means
BHEL, Bharat Electronics, Adani Ports and Special Economic Zone, REC, Power Finance Corporation (PFC) from the future & option (F&O) segment stocks tanked 25 per cent
 "848 stocks hit lower circuit on June 4 post LS polls. Here is what it means")
LS poll impact: PSU shares in free fall mode; most stocks hit lower circuit
Government-owned shares witnessed intense selling pressure as analysts feared that the relatively poor showing of the Modi-government may impact its reforms agenda.
 "LS poll impact: PSU shares in free fall mode; most stocks hit lower circuit")
PSU stocks climb up to 9% as exit polls predict landslide victory for BJP
Shares of state owned companies cracked the upper ceiling on the BSE in Monday's early trades. The BSE CPSE index was up 6.9 per cent at 4,389 levels
 "PSU stocks climb up to 9% as exit polls predict landslide victory for BJP")
RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?
Within this basket of Modi stocks, the preferred BUYs for CLSA India analysts are ONGC, NTPC, NHPC, SBI, Power Finance, IGL and Mahanagar Gas in the PSU space
 "RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?")
BEML surges 13% on solid Q4 numbers, hefty dividend
BEML's order book as on April 01, 2024, stood at Rs 11,872 crore as against Rs 8,570 crore in the previous year, an increase of 38.5 per cent.
 "BEML surges 13% on solid Q4 numbers, hefty dividend")
Improving metrics keep Street positive on stocks of public-sector banks
In FY23 and FY24 (7 quarters of two fiscals) they reported higher earnings than in the past decade ending FY22
 "Improving metrics keep Street positive on stocks of public-sector banks")
CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12%
Despite today's decline, in the past six months, the CPSE index has outperformed the market by surging 47 per cent, as compared to 8 per cent rise in the BSE Sensex
 "CPSE index plunges 6%; Rites, IRFC, RVNL, Hudco, MTNL, IRCON tank up to 12%")
From downturn to dominance: PSUs reclaim 17.3% India's market glory
An analysis by Elara Capital indicates that the PSU sector performs well during election years
 "From downturn to dominance: PSUs reclaim 17.3% India's market glory")
PSUs would likely outperform in the next 12 months: Manish Sonthalia
There is still great value in PSU banks, defense, oil marketing companies, and select monopolistic PSUs in the mining and minerals space
 "PSUs would likely outperform in the next 12 months: Manish Sonthalia")
Optimal time to book profits in PSU funds: Will the rally continue?
High valuations, limited earnings upgrade prospects warrant caution
