Connexionblog
Wednesday, September 27, 2023
  • About Us
  • Home
No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology
No Result
View All Result
Connexionblog
No Result
View All Result
Home Bussiness

Re-rating of PSU banks, auto ancillary, tiller companies will show good growth in future: Prakash Dewan

by Ananya Dewan
September 19, 2023
in Bussiness
0
Moneycontrol - Hindi Business News
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter



Talking about the further outlook of the market, Prakash Diwan of Prakashdiwan.In believes that re-rating of PSU banks is taking place. Not only big but small PSU companies are also doing capex. Prakash Diwan believes that new loan demand for banks is expected to increase. He sees the valuation of HDFC Bank as good.

Good growth possible in auto accessory sector

Talking on the top sectoral themes, he said that there is improvement in two sectors which may become visible by the earning season. The first is the consumption theme. In the consumption theme, the phase of pet up demand will start during the festival season. In such a situation, investors should keep an eye on high value goods. This includes many such stocks like jewellery, home appliances, white goods which have not been able to fully participate in the market rally. The second theme is auto accessory sector. Good growth can be seen in the auto accessory sector in future. In auto accessories, it will be beneficial to invest in focused auto accessories companies like Sona Blw, Bharat Forge. You will be seen performing well in stocks in future.

related news

Tiller companies may see bright future

Talking on Agri and Irrigation space, Prakash Diwan said that there is no clearly visible market leader in the infrastructural (pipe, sprinkler) space of Agri and Irrigation space. In such a situation, Jain Irrigation, which is currently considered a turnaround case, has not been given much focus because changes have taken place very rapidly. The stock has achieved the target of Rs 30 to Rs 60 in a very short period. Prakash Diwan says that tiller companies may see bright future.

These stocks will show strength going forward

Prakash Diwan believes that PFC, REC can get better returns than the market. For long term, investment can be made in PFC, REC. These stocks are portfolio stocks. My outlook on Zee Entertainment is positive. If there is a turnaround in the company’s stock, it will see a sharp rise. There is no visible problem in Zee Entertainment-Sony after the merger. Prakash believes that Tata Steel can see more glory from the current level. There has been good growth in Tata Steel’s Indian business. This stock will see a re-rating as soon as the Eplans Wages settlement comes.

RR Kabel IPO: The first company to be listed under the new rules of SEBI, now it will enter the market not on 26 but on 20 September.

Disclaimer: The views expressed on Moneycontrol.com are the personal views of the experts. The website or management is not responsible for this. Money Control advises users to seek the advice of a certified expert before taking any investment decision.


<

ShareTweetPin

Related Posts

फिर से छंटनी की तैयारी में Byju
Bussiness

Byjus Plans To Cut Around 5500 Jobs To Decrease Costs Amid A Restructuring Of Its Business – Byjus preparing for layoffs again, 5 thousand people may lose their jobs soon: Report

September 26, 2023
App Install Banner
Bussiness

Dream-11 reaches Bombay High Court against DGGI notice. Allegation of GST evasion of Rs 40,000 crore, 5 more companies under investigation

September 26, 2023
App Install Banner
Bussiness

Last date for adding nominee in demat account extended. Now nominations can be added till 31st December 2023, SEBI issued circular

September 26, 2023
App Install Banner
Bussiness

ChatGPT can now ‘speak,’ listen and process images, OpenAI says | The company will roll out this feature for Plus and Enterprise users in the next two weeks.

September 26, 2023
App Install Banner
Bussiness

Mukesh Ambani’s children Akash, Isha and Anant will get no salary, only fee for attending board meetings, won’t get salary. Akash-Isha and Anant will get only fees for attending Reliance’s board meeting.

September 26, 2023
Fall in gold and silver rates, how much did 10 grams of gold become cheaper today?
Bussiness

Fall in gold and silver rates, how much did 10 grams of gold become cheaper today?

September 26, 2023
Next Post
New Parliament Session: Know the first day of the new Parliament, what will be special today?  ,  BJP  Women Reservation

New Parliament Session: Know the first day of the new Parliament, what will be special today? , BJP Women Reservation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© Connexionblog 2023. All Rights Reserved.

No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology

© Connexionblog 2023. All Rights Reserved.