Key Points
Indian state-owned companies' stocks surged in FY24, outperforming mid- and small-cap stocks..
Railway, power, defence, and oil sectors also showed impressive gains...
Premium Out of the 56 stocks listed in the BSE PSU index, an impressive 37 stocks, accounting for 66%, have delivered multibagger returns ranging between 100% and 460%...
Stocks of Indian state-owned companies have witnessed an unprecedented surge in FY24, surpassing even the performance of mid-and small-cap stocks, emerging as the remarkable champions of the market..
The government's accelerated capex spending, coupled with sector-specific reasons, has helped PSU stocks achieve record gains in FY24..
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