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The companies that saw profits grow faster than sales were REC, Power Finance Corporation, Coal India, NTPC, Bharat Electronics, IRCTC, Container Corporation of India, Gail India, and Oil and Natural Gas Corporation. ....
“BEML is a good stock. It is being run properly and it is doing well. They have also got a niche where they are going into some new technologies, which also has been very innovative from the government side. It is high earnings, high dividend paying candidate for potential disinvestment. It ticks all the buttons, as does Coal India , whicj is the best candidate for getting the dividends and perhaps even selling off a few percent of stock into the market. ” ....
PSU banks have been performing well on the street for the last more than one year. Even in the correction which the market saw last in the last couple of weeks, PSU banking stocks are amongst the first to rebound when there is any sort of recovery in the market. The reaction of the street to their Q2 earnings is also indicative of underlying hope in the sector. But the whole operating landscape of each PSU bank is very different, right from the exposure to particular sectors and industrial groups to the geographical region in which they are operating. So while they are called as one PSU space, each of them probably will have its own journey. So should you be selective in looking at them or buy them as a basket? ....
While the Banknifty continues to remain weaker than the Nifty on technical terms, select banking stocks, both private and PSUs, are showing good opportunities. ....
“The defence space excites us. HAL looks very good. Railway capex, again, as a theme, has a lot of legs, we are seeing very strong demand for Vande Bharat coaches, for wagons, as well as for the wheels. Titagarh is something we track. So be a little bit selective here.” ....