Madhu Kela says overvalued PSUs seeing correction
Tue, Feb 13, 2024 3:01 PM

Madhu Kela says overvalued PSUs seeing correction

A Flip by Shubhangi Gupta
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Market veteran Madhu Kela believes that the recent selling of PSU stocks is not a major concern as the larger PSU story remains intact. He sees the correction as a positive development and expects buying to emerge at attractive valuations. The BSE PSU index has been on an upward trend in the past three years, with gains of 41%, 23%, and 55% in 2021, 2022, and 2023 respectively.

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