After crashing 16% post-elections, PSU stocks rebound with a Rs 7 lakh crore profit in 10 days!
Defence PSU Mazagon Dock Shipbuilders drives the bull run with a 48% return. In 10 days, the combined market cap value of 56 government companies (PSU) in the stock market jumped ₹7 lakh crore.
RCF zooms 33%, Cochin Shipyard 24.5%, HUDCO and MMTC up 23% each. HAL, BEL, and BHEL also among top gainers!
Investors seem optimistic as a stable government signals policy continuity, especially in infrastructure and domestic manufacturing.
PSUs have outperformed private sector with 33.8% CAGR in earnings during FY19-24. Their share in profit pool has expanded to 36% in FY24.