PSUs turn show stoppers, up 79% from Covid-lows

MUMBAI: As the stock market has largely been on a bull run since hitting the decadal lows around a year ago, stocks of public sector undertakings (PSU) were among the ones which held the torch during the rally and have given strong returns.

The S&P BSE PSU index surged around 79 per cent from the lows it touched in March last year post the announcement of the nationwide lockdown.

On Wednesday, the index closed at 7,334.84 points.

This calendar year, the index has increased around 25 per cent, with the latest push to the state-run stocks comes on the back of government's renewed disinvesment plans.

The good thing about PSU stocks has been its consistency.