PSU m-cap up 77% in 7 months as investors move towards value stocks

But share in total m-cap languishes below 10%, lower than long-term average of 13%

State-owned firms have seen their combined market capitalisation rise 77 per cent over the last seven months amid a shift in investor preference from growth stocks to value stocks. However, their share in market capitalisation of all listed companies continues to languish below 10 per cent.

On October 14, 2020, the share had slipped to a record low of just 7.5 per cent. Since then, state-owned firms have added over Rs 9.3 trillion in market capitalisation to take it to Rs 21.4 trillion, a jump of 77 per cent. The share of PSU market cap has improved to 9.24 per cent,