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OVERVALUED PSUS
30 defence, other PSU stocks in bear grip. Will the multibagger magic end?After a robust performance, 30 PSU stocks have entered the bear market, prompting mutual funds and FIIs to reduce stakes. Despite strong go...
PSU stocks: Both mutual funds and FIIs just turned bearish on these 13 countersAmid concerns over PSU valuations, both MFs and FIIs reduced their stakes in at least 13 PSU stocks in the June quarter, while small retail...
PSUs not an asset class; the overvaluation could last longer: Venugopal GarreVenugopal Garre of Bernstein remarked that PSU stock valuations were excessively high relative to long-term growth expectations. He advised...
PSU stocks: Retail rebels rule as FIIs, MFs retreat in June quarterDuring the June quarter, retail investors increased their holdings in PSU stocks while mutual funds and FIIs reduced theirs. Stocks like Bh...
The current economic cycle is yet to end: Anish Tawakley, ICICI Prudential Mutual FundICICI Prudential AMC's Deputy CIO - Equity, Anish Tawakley, advises caution on PSU stocks due to valuation concerns. The team focuses on do...
Stocks are overvalued but no reason to expect a big correction in market: Sanjeev PrasadSanjeev Prasad sees no concerns on the horizon. PSU stocks are up without change in fundamentals. Most sectors and stocks are overvalued, e...
PSU stocks are the current darlings of Dalal Street but why are mutual fund managers wary?Most fund managers have been left on the sidelines amid their long-standing reticence around this segment. Barring a few exceptions, PSU en...
Macro, mania and Modi may support overvalued Indian stock market: Kotak EquitiesKotak said it finds most sectors and stocks quite overvalued in the context of historical valuations coupled with the Street’s high assumpt...
How much of the 2023 frenzy is likely to extend to 2024? S Naren answersS Naren says: “Old investors can stay invested but new money coming in should be spread across asset class. We are much more focussed on th...
Looking for value? It is largely infra and cement, says Sunil Subramaniam"Infrastructure and cement sectors offer good value in the market. He notes that the infrastructure sector is richly valued due to the orde...
I'd wait for 30-40% dip before buying HDFC Bank, ICICI Bank or Kotak: Rajat SharmaThere are a lot of unknowns in the market and most of that is coming from financials, whether it is NBFCs or banks.
Prashant Jain names the sectors where he finds valuation comfortIn an interview with ETNOW, Jain said nobody could have forecast Covid-19. “While the impact of lockdown will pass, lower interest rates ar...
Medium to long-term, I continue to be bullish on India: Abhishek Basumallick, Intelsense CapitalIn the PSU basket, I like those companies where being a PSU helps them.
We’re betting on power utilities, telecom, corp banks & pharma: S Naren, ICICI Pru MFWe recommend long-term SIPs, accrual funds and balanced advantage and large-cap funds.
If 2017 was the year of hope, 2018 will be the year of realitySome market forecasters seem to be more upbeat about the future growth outlook.
Market entering bubble zone, time to book profits: Mahantesh Sabarad, SBI Cap SecuritiesThe index may move sideways with positive bias. Brace for a time correction rather than a value correction
DRI probes over-valuation of coal imports by power companiesThe Directorate of Revenue Intelligence (DRI) has issued a nationwide alert to its offices and customs formations to scrutinise coal import...