BSE PSU Index Skyrockets: Govt’s Spending Boosts Stocks

Indian State-Owned Companies' Stocks Soar in FY24

In a remarkable performance during the fiscal year 2024, stocks of Indian state-owned companies have witnessed a significant surge, majorly outstripping the gains seen in mid- and small-cap stocks. The BSE PSU index, a pivotal benchmark for public sector undertakings, nearly doubled its value, indicating a robust 92.4% increase from 9,497 points to 18,274 points.