Shares of Indian Railways Finance Corporation (IRFC) Ltd. are seeing some selling pressure on Monday despite a positive announcement coming in for the stock last week. As part of the rejig announced by the National Stock Exchange to its various indices on Friday, IRFC was announced as the new entrant to the Nifty PSE index, …
The Nifty is in consolidation mode. But its a consolidation that is also slowly taking the index higher. The week gone by saw the index gain in four out of the five trading sessions. It first surpassed the resistance at 23,300, followed by 23,400. By closing on Friday, it now stands at the cusp of …
Brokerage firm Kotak Institutional Equities wrote in a note that NTPC Ltd., and Power Grid Ltd. are neither “growth stocks” nor “value stocks.” It believes that the fair value of both these companies is much lower than their respective current market price. Kotak wrote in its note that both NTPC and Power Grid are examples …
 "Brokerage lists 54 ‘Modi stocks’ likely to benefit from BJP win in Lok Sabha elections – Firstpost")
Prime Minister Narendra Modi. Source: Reuters Stocks of 54 companies, most of them public sector undertakings (PSUs), could be direct beneficiaries of the policies of the current government led by Prime Minister Narendra Modi, said international brokerage CLSA. The brokerage further predicted that the stocks of India’s state-run companies, or PSUs, may see a top …
Shares of four state-run companies – Cochin Shipyard Ltd., Housing & Urban Development Corporation (HUDCO), Rail Vikas Nigam (RVNL) and IFCI have more than doubled in the first five months of 2024. Investors continue to bet on their improving fundamentals and strong order books. While shares of Cochin Shipyard have nearly tripled so far this …
India’s Mutual Funds exited their positions in five state-run companies like SJVN Ltd. Bank of Baroda Ltd., SAIL Ltd., RITES Ltd. and IRCON International Ltd., according to a note by Nuvama Alternative & Quantitative Research. Additionally, some funds also pared their existing positions in PSUs like NHPC, Oil India and NALCO. While SBI Mutual Fund …
Barring Monday’s blip, the last week turned out to be a good one for the markets. The Nifty reported another weekly advance and has now oscillated between gains and losses for four weeks. Another good bit is the fact that the Nifty closed above 22,000 for the first time in a month. The last time …