Trump tariffs on India, H-1B Visa fee hike: In the wake of 100% Trump’s tariffs on pharma imports and the H-1B visa fee hike, market experts are suggesting that domestic equity investors look at state-owned companies listed in the Indian stock market. They said that PSU stocks are driven by domestic demand, have little or negligible exposure to FIIs, and are available at attractive valuations. However, they maintained that defence stocks are trading at high valuations, but banking, NBFC, OMCs, and other PSU segments are full of value picks.
Why are experts bullish on PSU stocks?
Highlighting the reason for being bullish on PSU stocks amid Trump’s tariffs and H-1B visa fee hike concerns, Avinash Gorakshkar, a SEBI-registered fundamental analyst, said, “PSU stocks are available at an attractive PE multiple after the recent market rout. Most importantly, it is driven by the domestic demand and completely insulated from Trump’s tariffs and H-1B visa fee hike-type international triggers.”
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.