PSU index outperforms Nifty in 2022; Coal India, Canara Bank could give 17-50% return in 2023
As we look ahead, the profitability of PSUs is shooting up across domestic as well as global cyclical with a turnaround in the fortunes of PSU Banks driving the overall trend. Higher commodity prices over the past two years have aided the P&L and balance sheets of Metals/O&G PSUs.
