Day Trading Stocks & Futures

The most hated sector is getting a spark.. Many PSUs close to their their MArch lows good time to have good news..

If you see the PSE sector chart (which has being an annoying wealth destructor since few years) actually it had a big rally from 2001 to 2008 then its in a very large range of 2.5K points since then.. can be considered a consolidation if recent bottoms hold..

Govt is looking at buybacks in big ticket PSUs. Sources tell ET NOW that govt has asked PSUs to either spend on capex or reward shareholders.

https://economictimes.indiatimes.co...ders-report/articleshow/78742418.cms?from=mdr
Last time PSU buyback candidates which were trading at premium, since then are much, much below their BV and have not recovered... iss baar naye bakre pakde hai... If one already holds as a long term investor then use this as a tediously roundabout way to get dividend... otherwise shot-term punters beware if specifically entering for buyback... or for that matter even if entering for divestment, because it keeps getting delayed (lets see what happens in Nov for stake sale and OFS)...
 
Let their stores open and let them come back in business with full capacity particularly in non essential goods where they get higher margins ,then a new entrant can think of buying.....for investors whose buying price is Rs 1000 or less, they can hold and keep a close watch on the developments on their business.Every investor has to make his own assessment whether or not the fundamentals of the company have changed temporarily or there is a permanent shift and act accordingly.

Smart_trade
Thank you ST sir...

I guess mkt has answered you with Dmart up 5% :D
Hehe... by the time the market answers, its too late to act travi sir... the only thing to do is to blame the operators then... and wait for Nifty 6000 with our potli of cash in our hands... ;)
 

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