psu stocks: From Street darlings to sell-off targets, PSUs feel the heat indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Nifty and Bank Nifty anticipate volatility amid election outcomes, with Nifty forming a bearish trend. Sudeep Shah of SBI Securities advises cautious trading, emphasizing risk management and hedging strategies. Certain sectors like Automobiles and Pharma may shine, while IT stocks might underperform.
Ext poll 2024 results: Dhiraj Relli of HDFC Securities said infrastructure, BFSI, capital goods and telecom sectors could be the key beneficiaries. Kranthi Bathini of WealthMills Securities said he is positive on railways and defence stocks.
During the election season, PSU stocks, also known as Modi stocks , surged in value by Rs 7 lakh crore as investors showed confidence in PM Narendra Modi s policies and leadership, especially in defence PSUs like Cochin Shipyard and Bharat Dynamics.