Business Standard

Monday, December 23, 2024 | 05:51 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Private bank stocks may be headed higher on hopes of buoyant Q2 and Q3

Street is hoping the two quarters will see a pick-up in consumption and better economic activity

Public sector banks, bank credit
Premium

Most investors are hoping the festive season would see a comeback for two wheelers, and better car sales as well

Devangshu Datta New Delhi
The last month has seen speculative market positions taken in sectors like Private Banks, Automobiles, Multiplexes and Real Estate. All of these can be described as trades based on hopes that Q2, and Q3 will see a pick-up in consumption, and better economic activity.

While base effects will moderate in Q3, we do have some positive signals signalling macro-economic growth could accelerate. The PMI for the Service sector jumped in August after dipping into contraction territory in July. Manufacturing was also in expansion territory in August. Inflation also eased off slightly, though there is a high base-effect to consider. The

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in