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PSU STOCKS SOAR AS INVESTORS BET ON MODIS RETURN

The Business Guardian

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May 28, 2024

The confidence of the investorsin the PSU stocks is high as the markets rallied on the hopes of Prime Minister Narendra Modi’s comfortable

PSU STOCKS SOAR AS INVESTORS BET ON MODIS RETURN

PSU stocks have gained favor among stock market investors recently, delivering substantial returns. Investor confidence in PSU stocks is strong, driven by market optimism regarding Prime Minister Narendra Modi's expected re-election.

"It's very interesting to note that the market cap of PSU stocks, which stood at approximately Rs 13.5 lakh crore in March 2020, has now risen to around Rs 75 lakh crore, indicating a phenomenal increase. This has also led to a six fold rise in the Government holding, from about Rs 8.3 lakh crore to approximately Rs 50 lakh crore" said Madhusudan kela, founder MK ventures.

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India's renewable energy share in overall power generation to spike 35% by FY30: ICRA

India's renewable energy (RE) share in the overall power generation, including large hydro, is set to exceed 35 per cent by FY2030, up from 22.1 per cent in FY2025, said rating agency ICRA in a report on Thursday.

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16-year-old student calls for action against school teachers in suicide note

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'India shines with strong growth & digital push amid rising opportunities in emerging markets

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Delhi Police bust transnational drug syndicate

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Korean chipmakers gain on robust Nvidia earnings

The stocks of South Korea's top chipmakers rose sharply on Thursday after Nvidia Corp. reported stronger-than-expected earnings for the fiscal third quarter, as per a report by Pulse, the English service of Maeil Business News Korea.

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