Trusted News Discovery Since 2008
{{/content}}
Bull run in PSU shares faces earnings risk
Credit: IndiaTimes- Published on February 16, 2024
Ruchit Jain advises caution in betting on a broad rally in India's state-owned firms. Recent earnings of SJVN Ltd and Rail Vikas Nigam Ltd offer little support. Jefferies sees potential for re-rating due to governance improvements, infrastructure spending, and maximizing value of state assets. For now, the PSU indexโs relative...