Rallies in the markets may not present a clear picture of certain key developments. This is the very nature of the markets. A little bit of digging helps reveal stories which may not be apparent in the broad sentiment which engulfs the markets. Take for instance, the banking index. In the past one year ended … Read more
MUMBAI – Private banks, which have always been the favourites of institutional investors, lost the spot to public sector banks who are touching the sky riding on retail bulls. So far in 2024, all public sector banks have given double-digit returns to investors. On the contrary, private sector banks have seen single to double-digit fall … Read more
While bulls aren’t yet ready to give up on the potential of PSU bank stocks given the sharp earnings turnaround, the case for the underdogs is getting louder as the valuations of PSU banks are at historical highs while private banks are languishing near decade-long lows. Private banks are trading at a price-to-book (P/B) valuation … Read more
Mahindra & Mahindra. Share Price 1765.05 03:59 PM | 15 Feb 2024 108.00(6.52%) Bharat Petroleum Corporation. Share Price 652.75 03:59 PM | 15 Feb 2024 29.11(4.67%) NTPC. Share Price 339.25 03:59 PM | 15 Feb 2024 11.25(3.43%) Oil And Natural Gas Corporation. Share Price 277.30 03:59 PM | 15 Feb 2024 8.45(3.15%) Power Grid Corporation … Read more
Mumbai: Investors who had almost written off public sector banks in favour of their private peers are being forced to reconsider some of their choices, at least for now. As state-owned lenders witness a on better asset quality and improved profitability, their shares have been topping the returns charts with several of them at multi-year … Read more
State-owned Indian Overseas Bank’s (IOB) market capitalization crossed the Rs 1 lakh crore mark for the first time following a 100% rally in the stock over the last six months. In Friday’s trade, the stock rose over 6.5% to hit a 52-week high at Rs 55.5, backed by heavy volumes on the NSE. A total … Read more
A day after the Budget 2024 announcement, shares of PSU Banks rallied up to 20% in Friday’s intraday trade on BSE as a sharp drop in bond yields is set to boost their treasury portfolio. Yields on government bonds slumped after Finance Minister Nirmala Sitharaman pegged the gross and net market borrowing for FY25 at … Read more
