Indian PSU stocks are Staging a comeback with climbing to peaks, but valuation cliff is still awaited.
The financial analysts warn of price peaks while government is spending surge. The rally may be running out of steam. Brokerages sound caution when upside targets falter.
Cochin Shipyard, REC, Bharat Heavy Electricals, Hindustan Aeronautics (HAL), and Punjab National Bank are some of the among others, are some of the Listed central public sector undertakings (PSUs).
The above mentioned PSUs are most loved stocks on the bourses after being off investor radar for so long. The S&P BSE PSU track the market capitalisation of fifty six listed PSUs. They have been the top-performing index in recent months and have also touched a record high earlier this month.
