Most PSU stocks lost ground under the UPA II and NDA governments

Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer

Public sector enterprises are back on the government’s radar after it was learnt that the Ministry of Finance’s Department of Investment and Public Asset Management (DIPAM) has been examining plans to launch three equity exchange-traded funds (ETFs) in the current fiscal year after the formation of the new government.

The DIPAM expects that the three ETFs will be attractive to investors who want to put in money in specific sectors, and will help the Centre meet an ambitious Rs 90,000-crore disinvestment target for FY20.

A quick check on the performance of public sector enterprises at the bourses under the past