Notwithstanding the recent sharp decline in the stocks of public sector companies, analysts at Jefferies remain bullish on this segment. State Bank of India, Coal India, and NTPC are their top picks in this space, they said in a recent note. The public sector undertaking (PSU) or state-owned enterprise (SOE) index, with a 70-percentage-point outperformance versus the National Stock Exchange Nifty50 over the past 12 months, comes after a decade of underperformance before 2020.
After a stellar run on the bourses that saw tractor stocks rise up to 52 per cent, analysts are turning cautious on the sector as muted demand trends may weigh in the near-term. Total volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak with VST Tillers, Escorts Kubota, and M&M seeing declines of 21 per cent, 5 per cent, and 3 per cent year-on-year (Y-o-Y), respectively, during the period, amid patchy rainfall, delayed crop harvest, and lower reservoir level. Across industry, total domestic sales volume so far in the current financial year (April '23 to January '24) has declined 5 per cent Y-o-Y, as per Tractor Manufacturers Association (TMA).
Defending champions Indian Aces bounced back in style to beat Singapore Slammers 27-20 and record their second successive win in the Japan leg of the International Premier Tennis League (IPTL) season 2 in Kobe.
Rafael Nadal fired down 10 aces en route to a 6-3, 7-6 win over Arnaud Clement in the Pacific Life Open second round.
No 'triple bagel' but Djokovic thumps Mannarino to reach quarters
A look at the XI Best Spells of the league stages of IPL 2024.
Jannik Sinner bounced back from two sets down to beat Daniil Medvedev and win his maiden Grand Slam title.
Sania Mirza and Rohan Bopanna continued their good form as Indian Aces dished out yet another dominating performance to beat Manila Mavericks 28-23 in the UAE leg of the International Premier Tennis League in Dubai, on Friday.
The current Indian pace attack has still lot to offer before the Gen-Next can take over, feels legendary Australian pacer Glenn McGrath, who also urged Mohammed Shami to take a cue from England veteran James Anderson's about longevity.
Lieutenant General Upendra Dwivedi, the general officer commanding-in-chief of the Northern Command, said five of the seven friction points in eastern Ladakh, where the Indian Army and the Chinese PLA are locked in a standoff since May 2020, have been resolved and talks are underway for the remaining areas.
The S&P BSE Midcap and the S&P BSE Smallcap indices have managed to stay afloat in a volatile January that saw the frontline indices hit their respective 52-week high levels and then slip. While the S&P BSE Sensex has lost over 2 per cent thus far in January, the S&P BSE Midcap and the S&P BSE Smallcap indices have gained nearly 2.5 per cent and 4 per cent, respectively during this period.
Sania Mirza and Rohan Bopanna got past Bruno Soares and Daniela Hantuchova in the mixed-doubled match as Indian Aces edged past Singapore Slammers in the UAE leg of the International Premier Tennis League on Thursday.
Shami had been picked in the initial squad for the two Tests, but was forced to withdraw due to fitness issues.
Chief coach Craig Fulton said the tournament will provide younger players the opportunity to experience the pressure of facing some of the top sides in the world.
Stocks of Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL) have more headroom left despite the sharp run in the last few weeks, suggests a recent report from Morgan Stanley. Stocks of these oil refining and marketing companies (OMCs), it believes, are seeing multiples re-rate as investors reassess long-term growth prospects. "IOCL trades at one year forward P/BV of 1.2x, 19 per cent below +1 standard deviation (SD); BPCL trades at one year forward P/BV of 1.5x, near historical averages; HPCL trades at one year forward P/BV of 1.5x, near +1SD," Morgan Stanley said.
Kotak Group-promoted ACE Derivatives and Commodity Exchange Limited on Wednesday said it has received the final license for launching a national multi commodity exchange from the government.
'It's gruelling. Playing a five-match series is not easy. That's what Test cricket is all about.'
Athiya Shetty and Rana Daggubati hit fans with a double whammy at Fashion Week while K L Rahul plays for India at the cricket World Cup.
Ben Duckett said England deserves credit for inspiring players in the opposition camp to bat aggressively in Test cricket.
Sabalenka overpowers Raducanu, Osaka falls
Indian Aces, already assured of a place in the title clash, suffered a 20-24 defeat against UAE Royals in the International Premier Tennis League (IPTL), in Hyderabad on Sunday.
THE RIGHT CLiQ YOUR GUIDE TO PICKING THE BEST RUNNING SHOE Discover the perfect pair for you, based on your comfort, pronation or preferred terrain
Holger Rune rallied from a set down and saved a match point to defeat former champion Taylor Fritz 2-6 7-6(2) 6-3 on Wednesday and reach the Indian Wells quarter-finals where he will meet fourth seed Daniil Medvedev.
A trio of tennis moms-Naomi Osaka, Angelique Kerber and Caroline Wozniacki-are poised for comebacks at the Australian Open.
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