Home / Companies / News / PSU presence in Rs 1-trillion club shrinks in 2020; index declines 18%

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

The companies that exited the trillion club are IOCL, NTPC, BPCL, and Coal India

Premium

State Bank of India (SBI) saw a 20 per cent m-cap erosion, while ONGC’s m-cap declined 27 per cent

3 min read Last Updated : Dec 25 2020 | 9:48 PM IST

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

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in