Confidence Shake-up Jolts Markets Into Frantic Ride forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.
There is no leverage issue in the country. Banks, companies, households, all are in pretty great shape. I would assume there is not much of a political/social negative surprise over there.
Inside The 2024 Elections: Policy Complacency Risk Or Is It Too Optimistic? forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.
Shares of public sector enterprises have corrected by up to 22 per cent month-to-date until March 19, 2024.
Analysts attribute this steep fall to the valuation exuberance seen after a sharp run in these counters last year and suggest investors remain selective regarding the stocks in this space. The rally in public sector undertaking (PSU) stocks has been stretched and sharp, although it is somewhat justified by improvements seen in earnings, operations, balance sheets, and overall profitability.