M-cap share of PSUs at record low of 9.7% despite a strong rally in market

Continue to cede ground to family enterprises, private sector firms

The central government-owned enterprises or public sector undertakings (PSUs) had yet another bad year on the bourses, despite a strong rally in the broader market. 

The combined market capitalisation (m-cap) of PSUs has been down 16.6 per cent since the beginning of the calendar year, against 18 per cent rise in m-cap of all listed companies during the same period.

As a result, the central PSUs’ share in total m-cap declined to a record low of 9.7 per cent, even as they continued to cede ground to family-owned enterprises and private sector companies. Their share was 13.8 per cent a year ago,