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Unless you are averse, buying PSU stocks seems like a no-brainer, says Emkay

PSU re-rating, however fast and furious, should not be taken lightly, believes brokerage house Emkay. With elections coming soon and investors remaining open to all ideas, as long as a risk/return playoff makes sense - Unless you are averse to buying PSUs, this seems like a no-brainer, it said. ....

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Profit beat, consistent revenue growth hint at India's earnings up-cycle trend: Morgan Stanley

Nifty companies covered by Morgan Stanley reported strong earnings growth in Q4 FY23, beating analyst estimates. EBITDA margins increased for the first time in eight quarters, and net profit was above expectations. ....

Bharti Airtel , Tata Consultancy Services , Hindalco Industries , Morgan Stanley , Tata Motors , Reliance Industries , Axis Bank , Grasim Industries , Energy Psus , Bharat Petroleum Corporation Ltd , Adani Ports , Special Economic Zone , View Full Image , Tech Mahindra , Ultratech Cement , Coal India ,

Energy PSUs wait for LNG prices to cool

Spot LNG prices have fallen to about $14-15 per metric million British thermal units (mmBtu) from an average of over $45 per mmBtu in the July-September quarter of the current fiscal. ....

Saudi Arabia , United Kingdom , Abu Dhabi National Oil Company , Indian Oil Corporation Ltd , Dhabi National Oil Company , South Asia , Liquified Petroleum Gas , Gas Companies , Rlng Prices , Energy Psus ,

ICICI Pru MF bets: ICICI Pru MF ends romance with IPO stocks; raises bets on energy PSUs


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NEW DELHI: As the domestic stock market came under selling pressure in April, fund managers at ICICI Prudential Mutual Fund got busy buying oil & gas explorers and select midcap names in April even as they rushed to completely exit some of the recent debutant stocks.
The team led by S Naren bought nearly 5 crore shares of Hathway Cable & Datacom, which came out with an impressive earnings report for March quarter. Recently, Reliance Industries also sold some shares in the firm to trim its overall stake.
Besides the Reliance group firm, India s second largest fund house also bought 1-3 crore shares of ONGC, Ashok Leyland, JM Financial and Axis Bank. The first two are being seen as re-rating candidates ahead of the emerging growth cycle. ....

Jammu And Kashmir , Axis Bank , Securities Retail Research , Mutual Fund , Triveni Engineering Industries , Ashok Leyland , Den Networks , First Bank , Prudential Mutual Fund , Laxmi Organic Industries , Reliance Industries , Hathway Cable , Jyothy Labs , Yes Bank , Vodafone Idea , Federal Mogul Goetze , Cadila Healthcare , Ambuja Cements , Burger King India , Neuland Laboratories , Panacea Biotec , Triveni Engineering , Icici Pru Mf Bets , S Naren , Hcl Technologies , Hindalco Industries ,