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PSU STOCKS SOAR AS INVESTORS BET ON MODIS RETURN
The Business Guardian
|May 28, 2024
The confidence of the investorsin the PSU stocks is high as the markets rallied on the hopes of Prime Minister Narendra Modi’s comfortable
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PSU stocks have gained favor among stock market investors recently, delivering substantial returns. Investor confidence in PSU stocks is strong, driven by market optimism regarding Prime Minister Narendra Modi's expected re-election.
"It's very interesting to note that the market cap of PSU stocks, which stood at approximately Rs 13.5 lakh crore in March 2020, has now risen to around Rs 75 lakh crore, indicating a phenomenal increase. This has also led to a six fold rise in the Government holding, from about Rs 8.3 lakh crore to approximately Rs 50 lakh crore" said Madhusudan kela, founder MK ventures.
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