At 10:20 AM, the BSE PSU index, the top gainer among sectoral indices, was up 3.5 per cent at 19,856, as compared to the 1.5 per cent rise in the BSE Sensex
Godawari Power and Ispat Ltd (GPIL) on Saturday reported about 38 per cent decline in consolidated net profit to Rs 159.39 crore in the September quarter of 2024-25. It had posted Rs 256.71 crore "net profit from ordinary activities" in the same period a year ago, the company said in an exchange filing. Total income fell to Rs 1,290.38 crore from Rs 1,314.21 crore in the July-September period of 2023-24. Expenses increased to Rs 1,073.93 crore from Rs 974.62 crore in the year-ago quarter.
BSE analytics reflect that ONGC shares have outperformed the benchmark S&P BSE Sensex with a rally of 59.76 per cent year-to-date, against the latter's 13.10 per cent
In the past two months, major PSE index constituents are experiencing profit booking. Here's how analysts view the space
Expectations (as measured by pre-budget equity market performance), wrote analysts at Morgan Stanley in a note, are important in determining what the market does immediately after the budget
PSU stocks to buy: Analysts caution that premium valuation of PSU stocks may lead to limited upside from here
NLC India's board of directors are set to meet on June 10, 2024 to consider and approve foreign currency loan through external commercial borrowings (ECB) up to $600 Million
Shares of state owned companies fell on the BSE in Tuesday's early trades. The BSE CPSE index was down by 8.3 per cent at 4,025 levels.
India's banking system continues to ride the good economic growth momentum, well supported by recent structural improvements in the system.
The Nifty PSU Bank Index is currently trading at 7,456.75. The near-term trend is bullish on the charts; however, the index is approaching a significant resistance zone between 7,500 and 7,590
State-owned Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders at a time when most banks are facing difficulty in achieving double-digit growth. The Pune-headquartered lender has registered a 15.94 per cent rise in the total business (domestic) in FY24, followed by the country's largest lender State Bank of India (SBI) with 13.12 per cent growth, according to published financial numbers of the public sector banks (PSBs). However, SBI's total business (deposit and advances) was about 16.7 times higher at Rs 79,52,784 crore compared to Rs 4,74,411 crore of Bank of Maharashtra (BoM) in absolute terms. Similarly, BoM continued to maintain its top spot in terms of growth in deposit mobilisation, with a 15.66 per cent rise in FY24. It was followed by SBI (11.07 per cent), Bank of India (11.05 per cent) and Canara Bank (10.98 per cent). Out of 12 public sector banks, only these four lenders could
Since the maiden issuance of the bond on April 8, the bond has seen a total issuance of Rs 60,000 crore across three auctions
The banking sector stocks fell as the Reserve Bank of India (RBI) proposed to tighten the project financing norms, which require lenders to set aside higher capital for doling out loans to under-const
Among PSUs, Railway stocks such as Rites, IRFC and IRCTC dipped by 21.3 per cent, 8.1 per cent and over 2 per cent respectively in March, Ace Equity data shows
Analysts said the PSU space had gotten overheated after relentless gains over the past year and was ripe for a course correction
Despite today's decline, in the past six months, the CPSE index has outperformed the market by surging 47 per cent, as compared to 8 per cent rise in the BSE Sensex
An analysis by Elara Capital indicates that the PSU sector performs well during election years
High valuations, limited earnings upgrade prospects warrant caution
The promoter shareholding in Jio Financial Services, a unit spun off from Reliance Industries, has edged higher for a second straight quarter
Among the key reasons for the rally in PSUs are undervaluation and hopes of privatisation