2024 Review – BSE PSU index: As 2024 draws to a close, the performance of the PSU sector stocks have left investors with mixed feelings. They started 2024 with a bang- the BSE PSU Index shot up from 15,300 in January to reach a new high of 22,801 in July. But the momentum tapered off after that and with just hours left for the year to end , the question is what’s the future holds for these stocks in 2025.
The rally in the first half of the year was notable as the PSU stocks delivered returns upwards of 20 per cent even during the time of volatile global markets. But to a twist, the calendar flipped to the second half of the year and the rally that was seen in the first half began to lose steam. Some of the reasons behind this downturn can be related to the concerns about a slowdown in government capital expenditure, sending ripples through the market.
Although it has had some impact on PSU stocks, but still, the strong performance in the first half of the year has helped the index hold steady, ending 2024 with notable gains.
December Performance
Today i.e. December 30, the S&P BSE PSU Index ended the day at 18,672.07, down by 259.66 points, or a 1.37 per cent drop. This drop can be seen as a result of the ongoing fluctuations within the market.
The S&P BSE PSU Index has declined by 1,196.29 points, or 6.02 per cent, over the 1 month.
Also Read: Tracking buzzing stocks: Adani Ports, Tech Mahindra among top gainers; Hindalco, Tata Motors among the top losers on December 30 – Check complete list here
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BSE PSU Index- 6-month performance
Looking at the performance over the past six months, the index has seen a significant dip. It is down by 2,573.07 points, representing a 12.11 per cent fall.
Despite the recent struggles, the S&P BSE PSU Index has delivered returns over the past year. The index has surged by 2,983.42 points, which translates to a 19.02 per cent increase.
BSE PSU Index: What stocks led the charge?
While 2024 saw mixed performances across the PSU sector, there were clear leaders that outperformed expectations as well.
Rail Vikas Nigam shares for instance stood out with a gain of 139.17 per cent as of the latest update in 2024.
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