PSU Stocks Rally Losing Grip On Weak Profitability, Higher Expenses; Time To Rejig Portfolio? – News18
After chartbuster performance in recent months, PSU stocks are now tumbling across the board due to concerns about overvaluation, slowing earnings growth, and mandatory dividend payouts. In the last year, PSU stocks have witnessed a sharp rally riding on bullish sentiments and monopoly business. The BSE PSU index gained over 90 per cent in the…
