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Is This A Good Time To Buy Stocks?

Short Call: This correction is no correction, HUDCO, Zomato, JSPL, UPL in focus

Short Call: This correction is no correction, HUDCO, Zomato, JSPL, UPL in focus
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Earnings | Latest & Breaking News on Earnings | Photos, Videos, Breaking Stories and Articles on Earnings

PSU stock froth persists: Q4 test for financial endurance

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.

Short Call | Earnings picture hard to ignore; L&T, Dixon, Alkem, Kirloskar Ferrous in focus

Kotak strategists Sanjeev Prasad, Anindya Bhowmik and Sunita Baldawa are unsure if most PSU stocks will see meaningful earnings upgrades over the coming 12-24 months, to be able to justify the high valuations

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