Navigating the Rise, Correction, and Resilience of India’s PSUs
As I pen down this preface, the story of India’s Public Sector Undertakings (PSUs) stands at a fascinating juncture. Over the past few years, PSU stocks have staged a remarkable comeback from being the market’s underachievers to becoming its unlikely stars. The S&P BSE PSU Index has nearly quadrupled in this period. This rally was not an overnight sensation but a multi-year climb fuelled by fundamental shifts.