“BSE Sensex from 60,000 to 70,000: How PSU stocks took the lead over Reliance, Adani Group & Tata in wealth creation”, Times of India, December 15, 2023:
“State-owned companies have played a significant role in the Sensex reaching the milestone of 70,000 points, with the market capitalisation of listed government assets almost doubling to around Rs 46.4 lakh crore. This surge in value reflects investor confidence in the government’s reforms-driven agenda for state companies.
PSU stocks’ surge in value has outperformed even leading private companies like Tata Group, Reliance, and the Adani Group. State-owned companies have played a significant role in the BSE Sensex reaching the milestone of 70,000 points. The market capitalization of listed government assets almost doubled to around Rs 46.4 lakh crore for the final 10,000 points addition to Sensex.
This surge in value has outperformed even leading private companies like Tata Group, Reliance, and the Adani Group. According to an ET analysis, during the 551 trading sessions it took for the Sensex to reach this milestone, the share of state-owned companies in India’s total market capitalisation increased to approximately 13%. This reflects investor confidence in the government’s reforms-driven agenda for state companies in sectors such as banking, insurance, infrastructure, and manufacturing……”
Read the full article at Timesofindia.indiatimes.com
