Country’s leading money managers have urged the government to initiate action for arresting the underperformance of public sector undertaking (PSU) stocks. Many stocks in this universe are grossly undervalued and a multi-pronged approach may even lead to doubling in market value, they have told the centre.
“Many PSUs are undervalued. A lot of steps are required to help share prices double. We are an affected party, we can give suggestions,” said S Naren, Chief Investment Officer (CIO), ICICI Prudential Mutual Fund (MF).