Kotak MF picks up smallcap bank stock that doubled in one year
Also, a meeting of the banks board of directors will be held on Tuesday, January 24, 2023, to consider, approve and take on record its financial results for the quarter and nine months ended December 31, 2022, the bank said in a BSE filing
Cinderella time! Will PSU bank stocks be first to be hit by midnight’s curse?
Dalal Street trader and investor Vivek Bajaj, who runs StockEdge, says credit will slow down when interest rates go up to obnoxious levels. "PSU banks, being the most inefficient segment of the banking sector, will definitely see corrections. But efficiently managed banks like SBI and Bank of Baroda will continue to outperform other PSU banks," he said.
Corporate Radar: Smallcap stock to go ex-dividend; Punjab & Sind Bank board meeting and more
The companys board meeting is to take place to consider and approve the migration process from SME to the main board of the stock exchange(s) in terms of Regulation 277 and other applicable provisions of SEBI.
Indian banks' fundraising spree to continue in Jan-Mar to enhance capital: Analysts
Apart from credit growth and refinancing, the market condition is conducive, if you look at the long-term rates for bonds," said Soumyajit Niyogi, director, core Analytical Group at India Ratings and Research. "So they are beefing up capital.Indian state-run and private banks raised an aggregate of 611.94 billion rupees ($7.39 billion) in October-December, more than double the 301.34 billion rupees raised in July-September, according to data compiled by Reuters.
Punjab & Sind Bank board to consider fundraise of Rs 250cr on Dec 30
The bank said it plans to raise capital up to an amount and aggregating to Rs 250 crore in any combinations of equity shares or debt in the form on Basel III compliant bonds
Kajal Gandhi's 3 top stock picks from PSU banking space
Frankly speaking yes, banks currently in the last year have outperformed. We should see credit bounce back continuing. We should definitely see all banks performing including other large cap private sector space and PSU banks.
ETMarkets Smart Talk: Short covering highly likely in post-Christmas week: Anand James
"Among Nifty December month options, activity in calls far exceeds that of puts. Put OI is concentrated at ATM, and at psychological points of 17500 and 17000, which do not reflect a positioning bias. However, OI and activity along calls are spread across the near OTMs suggesting that traders have been trying to capitalize on the falling momentum by building shorts."
Money managers do expect the banking pack to remain on the top of the betting list in 2023 as a recovery in the domestic economy will see the sector leading earnings growth for India Inc.
Deploy Long Straddle on Nifty; smart money moving towards Smallcap IT: Anand James
Since the US Fed dot plot was already pointing towards a 50bps hike, the odds of a negative surprise rode high, keeping risk appetite low as the week progressed.
Big Movers on D-Street: What should investors do with Yes Bank, Punjab Sind Bank & Central Bank of India?
Stocks that were in focus include names like Yes Bank which was up nearly 11%, Punjab and Sind Bank rose over 7%, and Central Bank of India rallied over 4%.Here's what Pravesh Gour, Senior Technical Analyst, Swastika Investmart at recommends investors should do with these stocks when the market resumes trading today:
ETMarkets Smart Talk | Overlooking IT stocks as investment bet for now: Sumeet Bagadia
Nifty had a phenomenal run in the month of October and November and has potentially delivered over 10 percent return in just two months. There were lots of stirs and juggle globally in the past couple of weeks, but the market ignored the noise and deliberately moved higher.
Planning to buy PSU banks? Wait for a minimum 10% correction: Kunal Shah
"The Bank Nifty index after a breakout is not able to surpass the hurdle of 44,000 on the upside. The index lower-end support is at 43000 and if breached, will lead to aggressive selling on the downside towards 42,000-41,400 levels."
A breach of 18750 on Nifty50 would extend this rally towards 19000: Mehul Kothari
In addition, we are witnessing a negative divergence in daily RSI. Hence, on the downside, a break below 42,950 which is the weekly low might bring a pause to the upside momentum. In such a scenario, the index might correct towards 42,000 or more. Any short trades in the index can be considered only below 42,950.
A breach of 18750 on Nifty50 would extend this rally towards 19000: Mehul Kothari
In addition, we are witnessing a negative divergence in daily RSI. Hence, on the downside, a break below 42,950 which is the weekly low might bring a pause to the upside momentum. In such a scenario, the index might correct towards 42,000 or more. Any short trades in the index can be considered only below 42,950.
6 PSU bank stocks hit 52-week high post RBI MPC outcome
"A change in stance to dovish going forward by RBI will lead to rally in the banking segment while a prolonged hawkish stance will impact deposit rates and lead to narrowing NIMs, more so for PSBs," said Anil Rego, founder and fund manager at Right Horizons PMS.