While SEBI last week warned of a bubble in these stocks, followed by a minor correction, analysts say this correction can continue and pose big risks to amateur investors.
Driven by govt’s infra push, Make in India & transition to green energy, PSUs across sectors have seen their stocks jump more than 100% in one year, even by 300-400% for some.
In 2018, when HAL was listed on the stock market, its total market capitalisation was $3.87 billion. As of June 2023, it stands at $14.76 billion — or about Rs 1.18 lakh crore.
The rally has led Adani Ports and Special Economic Zone Ltd to briefly recoup all its market capitalisation losses since a damaging report by Hindenburg Research.
PM Modi and RBI governor Shaktikanta Das have both said that local lenders are strong, after the US banking crisis spilled over to the Indian stock market and rattled bank stocks.
It is important to pay attention to fundamental data to price based data as a thumb rule in stock markets irrespective of being an investor or a trader, writes Criti Mahajan.
While LIC's 'losses' became political hot potato after Hindenburg row, calculations show India’s largest insurance firm has seen value of its investments in Adani companies grow over 36%.
India has all the ingredients for success in manufacturing but ready-to-wear garments for export is 40 per cent more expensive here than in Bangladesh.
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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