PSUs: Testing Times, Transformational Potential
In recent years, investors have shown strong optimism towards the PSU sector, with PSU stocks experiencing unprecedented growth driven by the government’s renewed focus. After individual stocks delivered substantial wealth creation opportunities, the tables have now turned. Currently, the BSE PSU Index, despite a partial recovery, remains 20 per cent below its 52-week high. Mandar Wagh sheds light on the reasons behind the earlier rally, the current weaknesses, and the long-term potential outlook