PSUs mount comeback, outrun Sensex after seven years

Revival in global commodity prices, beaten-down valuations, attractive dividends fuelled PSU stocks

Pavan Burugula  |  Mumbai 

Stocks of public sector units staged a strong comeback in financial year 2016-17. The BSE PSU index rallied 40 per cent during the year, outperforming the benchmark Sensex, which rose 16 per cent over the period. After seven years, the PSU index has done better than the Sensex.  Market participants said revival in global commodity prices, beaten-down valuations, and attractive dividends fuelled up PSU stocks over the last one year.   During FY16, the PSU index lost nearly 20 per cent, primarily on poor performance of banking stocks and downturn in commodity ...

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PSUs mount comeback, outrun Sensex after seven years

Revival in global commodity prices, beaten-down valuations, attractive dividends fuelled PSU stocks

Revival in global commodity prices, beaten-down valuations, attractive dividends fuelled PSU stocks Stocks of public sector units staged a strong comeback in financial year 2016-17. The BSE PSU index rallied 40 per cent during the year, outperforming the benchmark Sensex, which rose 16 per cent over the period. After seven years, the PSU index has done better than the Sensex.  Market participants said revival in global commodity prices, beaten-down valuations, and attractive dividends fuelled up PSU stocks over the last one year.   During FY16, the PSU index lost nearly 20 per cent, primarily on poor performance of banking stocks and downturn in commodity ... image
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