PSU Stock To Buy: CLSA maintains its high conviction on REC, sees 22% upside

CLSA said that its outlook on the REC stock and expectations for the company’s financial performance remain intact.

CLSA said that its outlook on the REC stock and expectations for the company’s financial performance remain intact.

The Union Budget of 2025 clarified that FPIs will have to pay Long-term Capital Gains Tax (LTCG) of 12.5% from the earlier rate of 10%. The tax is applicable for listed bonds, debentures and listed preference shares as well.

From Mamta Machinery to DAM Capital, as many as 20 crore shares of eight companies will become eligible to trade as their shareholder lock-in period ends.

At the end of the December quarter, the Brightcom Group had 6.26 lakh retail shareholders, or those with an authorised share capital of up to ₹2 lakh. These investors hold a 43.42% stake in the company.

Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher. Nifty 50 closed at 23,350.40, while Sensex ended at 76,905.51.

S&P 500 futures rose, Japanese shares fluctuated between gains and losses in early trade, while Australia’s market fell. The dollar was softer against major peers, while the 10-year US Treasury yield advanced.

Brent traded above $72 a barrel after rising 2.2% last week, while West Texas Intermediate was near $68.

The firm’s chief US equity strategist expects any near-term rally to be temporary and led by low-quality companies as uncertainty looms around the prospects for corporate and economic growth.

While the equities benchmark quickly clawed itself out of a correction, the rebound has so far been shallow and market bulls are looking for the return of CTA buyers to amplify any gains.

Market watchers keep a close eye on retail traders as they are often the last to cut their exposure to stocks, so the latest bout of aggressive buying from mom-and-pop investors may suggest that equities haven’t found the bottom yet.