“The PSU story is synonymous with the India saga, a narration of several micro, albeit, powerful reforms (GST, RERA, JAM, digital infra, physical infra, PLI template, Bankruptcy Act, RBI’s inflation targeting and increasing credibility, etc) – each creating a small delta improvement, but in unison react in unpredictable, positive waysRead More →
Indian Stock Market: The Nifty remain sideward throughout the session following a strong start. The index has moved back above the critical near-term moving average. In the short term, the index is likely to consolidate within the bands of 21500 and 21700. A decisive breakout on either side would confirmRead More →
Gail (India) Ltd’s shares have rallied substantially in the past six months, gaining as much as 50%. Investors appear to be thrilled about the volume prospects of the state-run company’s gas transmission business amid robust demand. There is also some optimism around the potential turnaround in the petrochemicals business, despiteRead More →
Indian stock market: The Nifty index displayed volatile movements on the last day of the week but managed to close above the crucial level of 21300. The lower-end support for the index is positioned at 21200, presenting a buying opportunity on any dips toward this level. Sustaining above 21300 couldRead More →
Oil marketing companies (OMCs) in India will find support with international crude oil prices sustaining below the $80 per barrel mark in the near-term. The three major OMCs – Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) reported decent earnings growth inRead More →
Coal India, Oil India, Oil and Natural Gas Corporation (ONGC) among other public sector undertaking (PSU) stocks are part of the top 10 dividend-paying companies, according to domestic brokerage firm Religare Broking. ‘’We have filtered the list of top dividend-paying companies based on their fundamental strength and selected 10 stocks.Read More →
The strong pricing power of the Organization of Petroleum Exporting Countries and its allies (OPEC+) will continue to support Brent crude price at $75-80/bbl, which is the fiscal break-even crude price for Saudi Arabia. This is a sweet spot for most oil-marketing companies (OMCs) in India, with Oil India andRead More →
Also Read: Large cap speciality chemical stock fixes record date for 350% dividend, LIC held 1.40% stake in Q4 The stock market witnessed a consecutive three-day loss of wealth last week. After Friday’s gain, Nifty closed 0.61 per cent down at 18,203.40 levels and BSE Sensex settled at 61,729.68 points.Read More →
