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Jefferies stays bullish on PSU stocks: SBI, Coal India, NTPC lead the way

Notwithstanding the recent sharp decline in the stocks of public sector companies, analysts at Jefferies remain bullish on this segment. State Bank of India, Coal India, and NTPC are their top picks in this space, they said in a recent note. The public sector undertaking (PSU) or state-owned enterprise (SOE) index, with a 70-percentage-point outperformance versus the National Stock Exchange Nifty50 over the past 12 months, comes after a decade of underperformance before 2020.

captain fresh funding: Online seafood firm Captain Fresh raises $25 million from BII, Nekkanti

Captain Fresh raises $25M in funding round led by BII and Nekkanti Seafoods Group. Utham Gowda to hold 19% stake. Matrix Partners, Ankur Capital, Prosus, and Tiger Global also invest. Acquisition of Senecrus. Expansion in US, Europe, and southeast Asia. Works with retailers Metro, Auchan, Carrefour in France, Germany, Poland, Middle East.

India: Tiger Global-backed B2B fish firm Captain Fresh hooks $25m funding

Rerating of high-flying PSUs has few more legs: Jefferies

Jefferies said the rerating in shares of public sector undertakings (PSUs) - the top performers in the past three months - has more legs citing cheaper valuations compared to the Nifty and the government s focus on value maximisation for these companies. SBI, Coal India, and NTPC are its top picks among state-owned companies.

Mid, smallcap indices stay afloat in choppy January

The S&P BSE Midcap and the S&P BSE Smallcap indices have managed to stay afloat in a volatile January that saw the frontline indices hit their respective 52-week high levels and then slip. While the S&P BSE Sensex has lost over 2 per cent thus far in January, the S&P BSE Midcap and the S&P BSE Smallcap indices have gained nearly 2.5 per cent and 4 per cent, respectively during this period.

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