Key Points
Madhusudan Kela, Market Expert, says I would not put the PSU stocks in a basket, saying that it is all over..
The pace of growth, pace of returns will definitely not be as good as it has happened in the recent times but remember the market cap of the entire PSU basket, three years back, was Rs 14 lakh crore..
The market cap including SBI, banks, defence, railways, HPCL, BPCL, all companies was 14 lakh crores..
The kind of returns which you are seeing in some of these mid-sized companies is also the result apart from the broader India opportunities, is also the result of recognizing these two or three factors that we do not want to over-leverage our company..
When I look back 20 years later, I am sure lot of these companies which are large companies may not be in existence 20 years later unless they really change themselves, like what Reliance Industries is doing today..
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