Life Insurance Corporation (LIC), India’s largest life insurer, witnessed a further 2.80% decline in its share price during today’s trading session, settling at ₹879.50 per share. This drop marks the stock’s third consecutive decline, resulting in an accumulated decrease of nearly 8.2% over the past three days. The decline comesRead More →
Analysing four election cycles spanning over 20 years, the study pointed out that during each of these periods, investors have consistently achieved above-average returns, whether preceding or following the announcement of election results. Moreover, the data indicates that even within a minimum investment timeframe of one year, investors have experiencedRead More →
Stocks of public sector undertakings (PSU) have had a sterling rally this year. The 56-stock BSE PSU Index’s doubling outshines the Sensex’ modest 24% return this fiscal amid a valuation re-rating backed by earnings. But this rally isn’t a mere bubble. Mint explains: Why have PSU stocks risen so sharply?Read More →
“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 →
Shares of State Bank of India (SBI), the nation’s largest public sector bank, gained sharply in February, even as the bank reported a weak set of numbers in Q3, affected by higher wage provisions and soft other income. The stock has soared nearly 17% this month so far, marking itsRead More →
SBI emerges as second PSU firm to surpass ₹6 lakh crore market cap; check stock price | Mint ₹6 lakh m cap,PSU Banking stocks,Most active stocks today,High volume stocks today,SBI stock hits new all time highs,Top gainers today,Buzzing stocks today,state bank of india news”/> ₹6 lakh mRead More →
The latest leg of the rally from 26 October has seen the BSE PSU index return 52.6% to 18,123.77 against the Sensex’s modest 13.6% gain to 71,731.42 on Monday. Investor frenzy for the stocks drove the index up to a RECord 18,428.25 during the day. Life Insurance Corp. ofRead More →
Continuing their upward trajectory for the eighth consecutive trading session on Monday, shares of NBCC (India), the state-owned construction firm, surged by an additional 4.8% in today’s intraday session, reaching a new pinnacle at ₹176.85 per share. This surge has propelled the stock to deliver a multibagger return of 111.23%Read More →
In total, the index has surged by 8% over the last five sessions. In terms of index contributors, Bank of Baroda played a significant role, contributing 46.81 points to the index rally today as investors responded positively to the bank’s Q3 numbers released during the market hours today. Also Read:Read More →
The frontline indices grappled to gain momentum this week amid global uncertainties and lacklustre earnings by major companies so far. Despite this, railway PSUs have emerged as robust performers, delivering double-digit returns, with some boasting gains exceeding 55%. Also Read: NHPC spikes 15%, BSE PSU index records new all-time highRead More →
