The BSE PSU Index has doubled to 18,918.03 in the current fiscal year through 20 February as mutual funds and retail investors have stepped up buying stocks with relatively lower free float
HDFC Bank s Q3 results indicate sluggish deposit growth, raising questions about funding credit growth. Debt mutual funds are grappling with lack of interest due to recent taxation changes. Retail investors show no inclination towards debt papers. If corporate India needs debt, who will provide the necessary funds? This situation could potentially raise doubts about the expected growth rates of the economy.
Deven Choksey says: “Whether the UPL right issue is largely to free up whatever the net components that have in the balance sheet or whether this right issue is largely intended for a higher amount of capacity expansion, I would like to believe the former is true than the later, because already a significant amount of capacities have been built.”
“We ourselves, including me, used to tell everybody that there are many events on the horizon; one has to drip money slowly and steadily over a six-month period. But now back-to-back two or three of these concerns have got sorted out. So from that perspective, people have to change their thought process and have to front-load the investment. ”
“We ourselves, including me, used to tell everybody that there are many events on the horizon; one has to drip money slowly and steadily over a six-month period. But now back-to-back two or three of these concerns have got sorted out. So from that perspective, people have to change their thought process and have to front-load the investment. ”