As Nifty bled in 4 out of final 5 classes, one most seen development was merchants throwing their weight behind choose PSU shares. In actual fact, a lot of them laughed all the way in which to the financial institution, as Nifty PSU Financial institution index shot up some 11 per cent amid the halt to the broader market rally. Indian Abroad Financial institution led the pack with a spectacular rally of 59 per cent. Two govt-owned PSU shares — New India Assurance Firm (NIA) and Normal Insurance coverage Company of India (GIC Re) — jumped 44 per cent and 37 per cent, respectively, for the week.
The one widespread issue connecting merchants’ curiosity in these shares is the excitement round PSU privatisation. Let’s discover out extra about money-making alternatives within the PSU pack in right now’s particular podcast with unbiased market knowledgeable Rajiv Nagpal.
Welcome to the present Mr Nagpal.
1) After final week’s head-turning rally, do you assume PSU financial institution shares like Indian Abroad Financial institution, Central Financial institution of India and Financial institution of Maharashtra or others nonetheless have some juice left?
2) Is there extra to the rally in PSU financial institution shares than simply the information about privatisation? How engaging is the pack from a valuation standpoint?
3) Apart from banking shares, the privatisation buzz additionally led to a rally in New India Assurance Firm and GIC Re final week. Can one purchase the dip in these 2 shares?
4) How do you assume shares of personal insurers like HDFC Life and ICICI Prudential may get affected as soon as the privatisation takes off?
Thanks Mr Nagpal. That is all in right now’s particular podcast however hold checking this area for extra such attention-grabbing content material. Good bye!