PSU Stocks: Bright Prospects in 2021
There was time when PSU stocks used to be the darling of investors. However, in recent times such is the pessimism around PSU stocks that investors are not willing to touch them even after recognising the fact that these set of stocks are highly undervalued. Deepti Shidore identifies the reasons why investors are cautious of PSU stocks even as she highlights the fact that some of the renowned PSUs are trading at their decadal lows and trading at mouth-watering discounts
•Top PSU companies held by mutual funds include NTPC, BPCL, Power Grid, Coal India, ONGC, IOC, BEL, HPCL, GAIL India and PFC.
•Top PSU companies held by FPIs include Power Grid, NTPC, BPCL, Coal India, ONGC, GAIL India, IOC, Container Corporation, HPCL and REC.
•PSU stocks have been under pressure and have witnessed significant price erosion since the corona virus outbreak.
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