Last 3 days , there were no buyers. Today morning again no buyers. Today afternoon , there are no sellers- only buyers
so everybody was on wait and watch mood.
My take is that, some PSU stocks had very bad Q3- so all were beaten down - both good and bad.
Now those bad guys recovered back in spite of bad Q3
market perhaps realised that the long term PSU story is in tact discounting Mr Mrodi’s return and hence policy continuance. All said and done , IREDA had a very good Q3 and there is no reason why it should not bounce back.
in my view, the volatility in PSU stocks may continue until the election results are out. and Those who are involved in trading need to exercise caution.
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