The current rally in their stock prices could have been far bigger and longer-lasting if the UPA government’s reforms in energy-product prices had been made real and not reversed in practice by the BJP government.
The Nifty PSE (Public Sector Enterprises) index plummeted almost 4% on Monday, its highest single-day decline since January 23, when the index fell 4.3%. The index dropped 2.7% on Friday.
Interestingly, several public sector companies have found them in this list and these stocks have more than doubled retail investors money in the last 10 months.