The value investor, who has been rallying behind PSU stocks for quite some time, believes there are some pockets that are overvalued and the correction is actually a good sign
On February 13, the Nifty 50 index had a muted start and was trading at 21,733.85, around 0.55 percent higher than close on February 12. BSE Sensex was trading at 71,523.44, around 0.66 percent higher.
Quarterly net profit expected to plunge 58% QoQ to Rs 5388.60 crore from Rs 12967.30 crore. Net sales predicted to stay flat sequentially (4% growth), but a 15% YoY decline to Rs 194248.10 crore
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