21/8/2024, 9:43:03 am

30 defence, other PSU stocks in bear grip. Will the multibagger magic end?

After delighting retail investors by doubling money every few months, the multi-billion dollar rally in PSU stocks is finally taking a break with at least 30 high-flying 'sarkari' stocks entering bear market zone. Defence PSU GRSE, which remains a six-bagger in 2 years, has fallen 37% from its 52-week peak while BEML is down 31% and Cochin Shipyard 30%