Markets Nifty’s PSE index fell 1.7 percent in August and is currently down 5 percent in September, which is the worst performance of this index this year. However, despite the recent poor performance, Gautam Shah of stock research firm Goldilocks Premium Research believes that PSU stocks may see further decline before the situation becomes normal. … Read more
LIC raises stake in IRCTC: The country’s largest life insurance company LIC has increased its stake in railway ticketing and catering platform Indian Railway Catering and Tourism Corporation (IRCTC). According to the information given by LIC in the exchange filing, its stake in IRCTC has increased to 9.3 percent. This had a positive effect on … Read more
Stockology is our weekly column written by futurologist Mahesh Govande. He is the founder and director of Ayan Analytics. Ayan Analytics has developed the research software ‘ZodiacAnalyst’. We did not expect the Nifty to hit new highs, but were surprised by the aggression in the technology segment. Most PSU stocks saw profit booking by big … Read more