Broker call● Neutral for Indian equities
Gautam Shah sees 23,500-24,000 on Nifty; flags IT, PSUs and FMCG opportunities
The brief
- Gautam Shah sees the Nifty at 23,500–24,000 and expects a near-term recovery
- He sees opportunities in PSUs, IT, FMCG, energy and select metal stocks
- The outlook highlights potential opportunities across Indian PSU, IT, FMCG, energy and metals stocks
- PSU banks in focus; Bank of India, PNB, Indian Bank, IOB rally up to 4%
- Buzzing Stocks: PSU stock jumps 17% after land parcel sale for nearly ₹900 crore
- Ircon, RVNL, IRCTC, other railway PSU shares rise up to 14% amid heavy volumes