Posts in category Economic Times
Gung-ho on 2 pockets of PSU stocks; bank stocks to be laggards for next 2 quarters: Ajay Vora (17-10-2024)
Ajay Vora from Nuvama Asset Management is optimistic about defence stocks, OMCs, and specific PSU sectors despite recent corrections. Caution is advised due to a demand slowdown affecting various sectors. He also sees potential in the IT sector and mentions tactical opportunities in the paints and tyres industries. Financials may see long-term gains despite short-term challenges.
Stock to Watch: RVNL shares in focus on bagging Rs 270 crore order from Maha Metro (17-10-2024)
Rail Vikas Nigam (RVNL) secured a Rs 270 crore contract to build elevated metro stations for Maharashtra Metro Rail Corporation. Despite recent financial setbacks, RVNL shares rose significantly this year. The company will construct ten metro stations spanning two reaches over 30 months.
Q2 will broadly remain a muted earnings season: Smallcase Manager Narender Singh (17-10-2024)
Investing should be considered only when there are clear signs of reversal, which are currently absent in most defence stocks. Only a few exceptions show some stability, so it’s better to wait for stronger indications of a recovery.