What's behind the rally in PSU stocks, and will the uptrend last?

The S&P BSE PSU index has surged over 26 per cent so far in FY24 as compared to 11 per cent up move in the benchmark S&P BSE Sensex.

Illustration: Ajay Mohanty
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Illustration: Ajay Mohanty

Puneet Wadhwa New Delhi

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Stocks of public sector enterprises (PSEs) have seen a good run thus far in fiscal 2024 (FY24), with the S&P BSE PSU index surging over 26 per cent during this period as compared to 11 per cent up move in the benchmark S&P BSE Sensex.

Government's infrastructure and capex push ahead of the state polls due later this year, and the general elections scheduled for May 2024 is one key reason, analysts believe, has seen PSU stocks get rerated in the last few months.

First Published: Sep 05 2023 | 11:46 AM IST

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