PSU stocks rally up to 170% so far in 2022! Is Rakesh Jhunjhunwala’s prophecy turning true?

September 21, 2022

According to the data from Ace Equity, about a dozen state-run companies have delivered between 50-170 per cent return in the current calendar year, with at least four turning multibaggers as of September 19. However, this performance has been concentrated to select pockets. Only stocks related to petroleum refinery, coal mining, defence and banking stocks have been able to outperform.

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Gold prices remained stable on Friday but are set for a weekly loss as President Trump delayed a decision on intervention in the Israel-Iran conflict.

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Vanguard Group buys 1.1% stake in Vishal Mega Mart for Rs 655 crore

Vanguard Group, a US-based investment management company, has acquired a 1.1 per cent stake in the supermarket chain Vishal Mega Mart for ₹655 crore through

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