Do PSU Stocks Offer Great Value?
The BSE PSU stocks index has massively underperformed the benchmark S&P BSE Sensex in the past five years. While the BSE Sensex has appreciated 49.4% (from 27079.51 to 40433.52), the BSE PSU Index has fallen 34.7% (from 6955.32 to 4535.22). The BSE Sensex now trades at 185% premium to the price-book (P/B) multiple of the […]
PSU Bank Stocks and Basel III Capitalization Concerns
Over the last 5 trading sessions, stocks of public sector banks have surged anywhere between 5-25% in trade. They have caught the attention of investors and traders alike. Besides old timers who invested in PSU bank stocks for high dividend yields, there are many others who now believe that these banks could turn things around […]