Is the PSU party just beginning? Where to look for next leg of growth
India’s public sector undertakings (PSUs) have emerged as a compelling turnaround story in the post-Covid era. Backed by structural reforms, policy tailwinds, and prudent capital allocation, PSUs delivered a stellar 36% PAT CAGR over FY20–25—outperforming the private sector’s 26% CAGR—and drove a strong re-rating across the board. The BSE PSU Index posted a 32% CAGR…