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2024

PSU stocks: Retail rebels rule as FIIs, MFs retreat in June quarter

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During the June quarter, retail investors increased their holdings in PSU stocks while mutual funds and FIIs reduced theirs. Stocks like Bharat Electronics Ltd, HAL, and RITES saw higher retail ownership. Analysts noted potential overvaluation in some sectors but highlighted the overall reasonable valuation of PSUs, driven by strong earnings growth and government reforms.