Why are infra and capital-goods stocks still in demand despite premium valuations?

Why are infra and capital-goods stocks still in demand despite premium valuations?

A rally fuelled by robust fundamentals has led to a re-rating in the infrastructure and capital-goods sectors, pushing several stocks into what seems like overvalued territory. Several infrastructure and capital-goods stocks are trading above their 10-year average price-to-earnings (PE) ratio. The PE ratio compares a company’s stock price to its earnings per share, so a … Read more

Nifty 50 expected to rise 14% to reach 25,810 level by December, says Prabhudas; picks 7 large cap stocks to buy

Nifty 50 expected to rise 14% to reach 25,810 level by December, says Prabhudas; picks 7 large cap stocks to buy

Nifty 50 will have scaled up to the 25,810 mark by December 2024, highlighted domestic brokerage Prabhudas Lilladher in its most recent India Strategy Report, Democratic Hat-trick to Re-Rate Markets. The ongoing rule of the National Democratic Alliance (NDA) government and the La Nina-led regular monsoons, which are predicted to bring policy stability and accelerate … Read more

Bajaj Auto, Adani Ports & Special Economic Zone & others hit 52 week high today ; Do you own any?

Bajaj Auto, Adani Ports & Special Economic Zone & others hit 52 week high today ; Do you own any?

Shares of Bajaj Auto, Adani Ports & Special Economic Zone, Tata Steel, Larsen & Toubro hit their fresh 52 wk highs today. Nifty 50 was down by -37.9(-0.17%) points and Sensex was down by -226.64(-0.31%) points at 02 Apr 2024 10:59:58 IST.Bank Nifty was up by 17.9(0.04%) at 02 Apr 2024 10:44:59 IST.In the BSE … Read more