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Indian state-owned companies stocks surged in FY24, outperforming mid- and small-cap stocks. BSE PSU index nearly doubled, boosted by govt s capex spending hike and anticipated BJP victory. Railway, power, defence, and oil sectors also showed impressive gains. ....
Suzlon Energy, India s largest renewable energy solutions provider, saw its stock soar by 426% over the past year, driven by strong order wins and financial performance. Indian Overseas Bank also delivered exceptional return, with its stock soaring by 160%. ....