Latest Stock Market News

PNB Housing Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities for the year ending 31-Mar-2022.

A total of 15,182 shares changed hands on the counter till 10:21AM (IST).

The Relative Strength Index of the stock stood at 34.17 on Thursday.

L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 20451.90 Crore) operating in NBFC sector.

However, the volatility in equity markets this year, triggered by the hawkish monetary policy measures by central banks amid spiralling inflation have seen stocks in this space lose some sheen.

"In the recent past, we have seen that despite markets about to scale new highs, it has been more of a stock-specific market and within sector, there has been rotation in stocks that are contributing to the rally. We don’t see a major change in the scenario. Also, during consolidation or slight correction periods, large-cap defensive space is a better strategy to adopt."

“Low interest rates and high liquidity is like a drug – easy to get in and very difficult to get out of. Today I do not think there is political consensus to give pain to the western world by virtue of tight liquidity and high interest rates. The moment they see inflation coming under control, most of these western banks will follow the Bank of Japan model of pumping liquidity and cutting interest rates. Hence, next year will be a fight between fund flow versus fundamentals.”

In the hope of getting multibagger returns, many new investors often place bets on loss-making companies that may stage a turnaround later on. Market experts, however, warn against such hope trades and suggest focusing on companies with high growth visibility.

“Zomato, Policy Bazaar or fintech companies or Nykaa, all these companies have an underlying exposure to a sector which is a real economy sector. So those problems exist and they were running ahead in terms of the valuation. Plus, there is a selling pressure that we are seeing globally as well on the new age tech companies.”

Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 496194.86 Crore) operating in Telecommunications sector.