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Aditya Birla SL MF announces record date for distribution in Banking & PSU Debt Fund Aditya Birla Sun Life Mutual Fund has informed that the trustees of Aditya Birla Sun Life Mutual Fund have approved Tuesday, March 26, 2024, as the Record Date for declaration of distribution under the Income Distribution cum Capital Withdrawal (IDCW) options in Aditya Birla Sun Life Banking & PSU Debt Fund (An open-ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. A relatively high intere...
Aditya Birla SL MF announces record date for distribution in Banking & PSU Debt Fund
Aditya Birla SL MF announces record date for distribution in Banking & PSU Debt Fund
Source: Accord Fintech
2024-03-21 12:08:00 pm
Small cap index down 10 pc from the peak after SEBI red flags  Small and mid cap stocks are coming under intense selling pressure with the regulator raising red flags. The small cap index is down more than 3 per cent on Wednesday. The mid cap index is down more than 2 per cent. The SME IPO index is down more than 4 per cent. Other pockets of the market are also very weak with the PSU index down more than 4 per cent. Market breadth is extremely negative with 83 per cent of the listed stocks declining. More than 700 stocks have hit the lower...
Small cap index down 10 pc from the peak after SEBI red flags
Small cap index down 10 pc from the peak after SEBI red flags
Source: IANS
2024-03-13 12:01:24 pm
Small cap stocks down 7.8 pc from the peak  Small cap stocks continue to sink on regulator warnings about froth building up. BSE Small Cap index is down almost 2 per cent on Tuesday even as the benchmark Sensex is up 0.31 per cent. There can be redemptions from small cap funds adding to the downside, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The regulator SEBI has sent a clear message about the frothy valuations in the small cap segment and, therefore, regulatory actions are likely, go...
Small cap stocks down 7.8 pc from the peak
Small cap stocks down 7.8 pc from the peak
Source: IANS
2024-03-12 12:03:05 pm
Small cap stocks underperform in trade Small cap stock indices are in the red on Monday amid concerns over exuberance in the space. BSE Small Cap Index is down 0.68 per cent. BSE 250 Small Cap index is down 0.47 per cent. Small Cap Select Index is down 0.66 per cent. The SEBI advisory to mutual funds regarding the excessive valuations in the mid and small cap schemes is likely to restrain the performance of the broader market, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The irrational exuber...
Small cap stocks underperform in trade
Small cap stocks underperform in trade
Source: IANS
2024-03-04 03:39:05 pm
BHEL moves up on signing joint venture agreement with Coal India Bharat Heavy Electricals is currently trading at Rs. 225.20, up by 0.55 points or 0.24% from its previous closing of Rs. 224.65 on the BSE. The scrip opened at Rs. 226.20 and has touched a high and low of Rs. 226.25 and Rs. 219.85 respectively. So far 487648 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 243.30 on 05-Feb-2024 and a 52 week low of Rs. 67.63 on 06-Apr-2023. Last one week high and low of the scrip...
BHEL moves up on signing joint venture agreement with Coal India
BHEL moves up on signing joint venture agreement with Coal India
Source: Accord Fintech
2024-02-29 12:21:52 pm
High valuations of the market creeping into PSU stocks, say analysts The overall high valuations of the market is creeping into PSU stocks too. If the markets correct significantly, there can be steep corrections in PSU stocks that are highly valued, says V K, Vijayakumar, Chief Investment Strategist, Geojit Financial Services. Many defence related PSU stocks like ship builders have run up too much too fast on order bookings and Make In India theme, he said. Insurance stocks like LIC have recovered from their beaten down valuations. There is a positive s...
High valuations of the market creeping into PSU stocks, say analysts
High valuations of the market creeping into PSU stocks, say analysts
Source: IANS
2024-02-26 12:24:37 pm
Nifty at all-time high Nifty 50 reached an all-time high of 22,171 largely propelled by the performance of financial and energy stocks, says Shailesh Saraf, smallcase Manager and Founder Value Stocks. Following the recent decline in the Indian Public Sector Undertakings (PSUs) and banking stocks, investors are seeking bargains in these stocks during the ongoing market upturn, indicating that the PSU sector remains of interest to bullish investors, he said. Technically the Nifty PSE index had rebounded from th...
Nifty at all-time high
Nifty at all-time high
Source: IANS
2024-02-19 02:57:58 pm
Market valuations at peak levels indicate overheated conditions, say analysts  Optimism around India's growth prospects, sound fundamentals, robust earnings and policy continuity led to FIIs returning to India, which with greater domestic participation helped fuel the 20 per cen rally for the Nifty 50 in CY23, brokerage firm Elara Securities said in a report. This has pushed market valuations to peak levels and extreme optimism, with 45 per cent of the stocks within BSE200 universe trading in 75-100 per cent Long Term Growth Value (LTGV) bucket, the report ...
Market valuations at peak levels indicate overheated conditions, say analysts
Market valuations at peak levels indicate overheated conditions, say analysts
Source: IANS
2024-02-15 02:03:53 pm
PSU stocks outperformed Nifty over past 12 months  The PSU (Public Sector Undertakings) index outperformed the Nifty over the past 12 months, after a decade of underperformance prior to 2020, foreign brokerage Jefferies said in a report. The recent outperformance has been helped by EPS upgrades and RoE improvement. The index still trades at 40 per cent discount to Nifty, which offers 15 per cent rerating potential. Change of stance from the government towards 'value maximisation' for PSUs could take it above average. The P...
PSU stocks outperformed Nifty over past 12 months
PSU stocks outperformed Nifty over past 12 months
Source: IANS
2024-02-15 09:17:19 am
Solar PV module manufacturing projects of 48.3 GW capacity okayed under Centre`s PLI scheme The central government has given the go-ahead to big GW scale projects for setting up around 48.3 GW of integrated high efficiency Solar PV module manufacturing capacity in the country under its Production Linked Incentive (PLI) Scheme as part of the big push to green energy, according to Minister of Power and Renewable Energy R.K. Singh. Demand for India-made solar PV modules is expected to get a fillip with the Central Public Sector Undertaking (CPSU) Scheme Phase-II for setting up 12,00...
Solar PV module manufacturing projects of 48.3 GW capacity okayed under Centre`s PLI scheme
Solar PV module manufacturing projects of 48.3 GW capacity okayed under Centre`s PLI scheme
Source: IANS
2023-12-23 01:51:42 pm
Tata Power climbs as its step down arm to supply 152 MWp DCR Solar PV Modules for NTPC Tata Power Company is currently trading at Rs. 337.80, up by 4.60 points or 1.38% from its previous closing of Rs. 333.20 on the BSE. The scrip opened at Rs. 339.20 and has touched a high and low of Rs. 340.20 and Rs. 334.45 respectively. So far 2140712 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 341.30 on 14-Dec-2023 and a 52 week low of Rs. 182.45 on 28-Mar-2023. Last one week high and low of the scrip sto...
Tata Power climbs as its step down arm to supply 152 MWp DCR Solar PV Modules for NTPC
Tata Power climbs as its step down arm to supply 152 MWp DCR Solar PV Modules for NTPC
Source: IANS
2023-12-18 03:03:24 pm
Coal India emerges top PSU in e-market procurement The Ministry of Coal, along with its Public Sector Undertakings (PSUs), has reached a record procurement of Rs 34,524 crore through Government e-Marketplace (GeM) exceeding the target of Rs 21,325 crore with a 162 per cent achievement rate so far in the current financial year (2023-24). GeM authorities have informed that Coal India Ltd and its subsidiaries are leading among all Central public sector enterprises of the country in GeM procurement. Also, the Ministry of Coal is presently a...
Coal India emerges top PSU in e-market procurement
Coal India emerges top PSU in e-market procurement
Source: IANS
2023-12-14 05:51:29 pm
Fifth time in succession, Reliance Industries emerges as largest wealth creator in 2018-23  For the fifth time in succession, Reliance Industries has emerged as the largest Wealth Creator over 2018-23. This takes Reliance’s overall No.1 tally to 10 in the last 17 five-year study periods, as per Motilal Oswal 28th Annual Wealth Creation Study. Reliance Industries, Lloyds Metals and Capri Global are the biggest, fastest, and most consistent wealth creators, respectively, between 2018 and 2023. Adani Enterprises is the top all-round wealth creator. Technology sector i...
Fifth time in succession, Reliance Industries emerges as largest wealth creator in 2018-23
Fifth time in succession, Reliance Industries emerges as largest wealth creator in 2018-23
Source: IANS
2023-12-14 02:23:01 pm
Trishakti Industries touches roof on obtaining contract from renowned PSU in oil and gas industry Trishakti Industries is currently trading at upper limit of Rs. 126.03, up by 2.47 points or 2.00% from its previous closing of Rs. 123.56 on the BSE. The scrip opened at Rs. 126.03 and has touched a high and low of Rs. 126.03 and Rs. 126.03 respectively. So far 364 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.03 on 30-Nov-2023 and a 52 week low of Rs. 30.07 on 17-Jul-2023. Last one week high and low of...
Trishakti Industries touches roof on obtaining contract from renowned PSU in oil and gas industry
Trishakti Industries touches roof on obtaining contract from renowned PSU in oil and gas industry
Source: Accord Fintech
2023-11-30 01:35:18 pm