SBI, M&M and Hindalco poised for double-digit returns in 2025: Rahul Shah
«Obviously, few of them had gone way ahead of their earnings and few of them were trading below their valuations which were very attractive,» says Rahul Shah, MOFSL.
Pretty stellar rally that was a follow through of Friday's move. What is the sense that you are getting when it comes to that PSU basket that really shone in trade? Is the rally here to stay?
Rahul Shah: The way we saw the markets rallying yesterday and on the Friday and obviously an important day on the politic side that thumping victory what BJP got, so obviously the PSU was one of the clear winner what we saw like yesterday and going forward also if the PSU basket can outperform and if we see from last six months most of the PSU stocks have corrected also.
Obviously, few of them had gone way ahead of their earnings and few of them were trading below their valuations which were very attractive.
So, two baskets to be made very clear in this entire PSU basket as a whole, one is obviously your PSU banks.
What we feel that PSU basket holds the topmost allocation as a PSU as a whole PSU banks earnings if we look at it last three-four year versus the earnings which they reported this quarter, most of the banks reported very strong earnings in terms of asset quality, in terms of if we look at NIMs or in terms of any other area and growth if we talk about.
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