MNC stocks getting a premium due to their clean balance sheet and high level of transparency.
SBI will raise up to Rs 3,465 crore by offloading up to 4.5 per cent stake in SBI Life.
Failure to recover money would erode co’s FY20 earnings by around 34%, say analysts.
Domestic fund houses said they are focusing on getting retail assets by penetrating deeper into India.
BSE PSU plunged 18 per cent in the last one year against 3.5 per cent decline of the Sensex.
The company might look at diluting up to 5% stake in the company,” a source said.
Analysts believe the rupee weakening would result in margin benefits in the short term.
This move gives assurance to investors about the long-term prospects of these companies.
Investors seeking growth stocks to beat the current bear market can look into these.
In June, Sebi tightened the rules for usage of client securities and funds by brokerages.
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