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Valuation of several PSU scrips are reasonable now: Here are 8 PSU stocks worth betting on
Synopsis
Though there is tremendous untapped value in the PSU space, investors should not jump in to buy anything and everything. Here is a list of stocks with at least 15 buy recommendations and with at least 20% potential upside from current levels.
Dogged by years of underperformance, investors in public sector units (PSU) are a disappointed lot. The NSE PSE index has fallen 40% over the past 10 years, while the Nifty has gained 99% during the time. Similarly, the Nifty has gained 46% over the past five years; but the PSE index has fallen by 19%. The extent of the underperformance gets starker when one finds that while the Nifty is 348% above its 2009 low, the PSE index is just 11% above
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