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Runaway rally in PSU stocks raises concern
Hindustan Times
|February 06, 2024
Sensex’s returns pale in comparison to the rally over three months
MUMBAI: Euphoria has gripped stocks of government-owned companies, with their rally over the past three months making the benchmark Sensex's returns pale in comparison, and prompting notes of caution from analysts.
The latest leg of the rally from October 26 has seen the BSE PSU index return 52.6% to 18,123.77 against the Sensex's modest 13.6% gain to 71,731.42 on Monday. Investor frenzy for the stocks drove the index up to a record 18,428.25 during the day..
Esta historia es de la edición February 06, 2024 de Hindustan Times.
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