PSU stock investors wealthier by Rs 44k crore in 15 days

Total market capitalisation of the 48 listed PSUs on the PSU index of BSE soared by Rs 44,346 crore to Rs 18.20 lakh crore in the 15 trading sessions so far this year. The PSU counters have been on upward spiral since early November after the Government announced that all profitable listed CPSUs would dilute a minimum 10 per cent of their holding to the public and all profitable unlisted CPSUs would be listed.

After this, the market capitalisation of the PSUs jumped by a whooping Rs 2.69 lakh crore in just two months. Marketmen said investors are hoping that the government would dole out dividend and bonus shares prior to the selloff and are flocking these counters for some swift gains.

The government has so far announced follow-on public offers in NTPC, NMDC, Engineers India and Rural Electrification Corporation.
Press Trust of India

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