Buyers are flocking to PSU shares once more, however can they maintain the momentum?

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The full market capitalization of the PSUs the place the federal government holds greater than 51% was Rs 16.9 lakh crore as on December 29 in contrast with Rs 12.5 lakh crore on the finish of June 2020.

Synopsis

Over the previous decade, the BSE PSU index contracted by 38% whereas the benchmark Nifty 50 rose by 128%.

ET Intelligence Group: Cheaper valuations relative to their return ratios have attracted buyers to the PSU counters over the previous few weeks. The present trailing price-earnings (P/E) a number of of the BSE PSU index at 11 is at 40% low cost to the 10-year common valuation and at a decade excessive 67% low cost to the Nifty’s P/E. Over the previous decade, the BSE PSU index contracted by 38% whereas the benchmark Nifty 50 rose by 128%. Nonetheless, as a consequence of

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