The popular view is that even if there are earnings surprises, smart money may use the opportunity to temporarily shift to largecaps which appear cheaper when compared to smallcap and midcap firms
Power sector stocks are in high demand due to the growing interest from global investors and the government. However, cautious investors must watch out for high valuations.
Punjab National Bank (PNB) has entered into a Memorandum of Understanding (MoU) with REC to jointly explore the possibility to fund the Power Sector and Infrastructure & Logistics Sector.
Nifty PSU Bank is in fact on the verge of a 13-year breakout to touch fresh lifetime highs on the back of good system-wide credit growth, stable asset quality, and attractive valuations. In between, Nifty Bank, which is dominated by HDFC Bank and ICICI Bank, is flat while the bluechip index Nifty has gained just 2.5%.