PSU presence in Rs 1-trillion club shrinks in 2020; index declines 18%

PSU participation in the Rs 1-trillion club shrank in 2020. The number of public sector companies with a market capitalisation (m-cap) of Rs 1 trillion or more has come down by four in the current year. The companies that exited the trillion club are IOCL, NTPC, BPCL, and Coal India. 

On a year-to-date (YTD) basis, the BSE PSU index declined 18 per cent. In comparison, the Sensex gained 13.7 per cent, despite the pandemic causing turbulence. Even the two PSU firms in the trillion club saw m-cap erosion. State Bank of India (SBI) saw a 20 per cent m-cap erosion, while