We have to be positive on India and great returns will be made: Sunil Singhania
November 13th, 2023 12:27
“We have been slightly more constructive towards the PSU banks. Banks have done very well performance wise and in terms of fundamentals, but the stocks have not participated. It is the second and third tier PSU banks which have participated. We think there is still merit, particularly in some of the larger second tier banks.”
Coal India earns an upgrade from Jefferies after Q2 beat
November 13th, 2023 12:27
"Coal India is trading at a reasonable 6.4x FY25E PE. Its PE contracted from an average 13x over 2011-18 to 6.5x over 2019-23, partly due to ESG concerns on coal, which might get alleviated amid rising power demand in India," said Jefferies.
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