PSU Stocks Archives

Cabinet likely to clear IIFCL IPO today: Sources

DainikNews Live Admin4 months ago03 mins

The Union Cabinet — chaired by Prime Minister Narendra Modi — is likely to approve a proposed initial public offer (IPO) by state-run India Infrastructure Finance Company (IIFCL) at its meeting on Wednesday, sources told Zee Business. The news comes at a time when India Infrastructure Finance Company, a public sector undertaking (PSU), has announced…

PSU Stocks Rally Losing Grip On Weak Profitability, Higher Expenses; Time To Rejig Portfolio? – News18

DainikNews Live Admin2 years ago05 mins

After chartbuster performance in recent months, PSU stocks are now tumbling across the board due to concerns about overvaluation, slowing earnings growth, and mandatory dividend payouts. In the last year, PSU stocks have witnessed a sharp rally riding on bullish sentiments and monopoly business. The BSE PSU index gained over 90 per cent in the…