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PSBs' valuations still reasonable despite 162% jump in Nifty PSU Bank index in less than 2 years: Report

PSBs' valuations still reasonable despite 162% jump in Nifty PSU Bank index in less than 2 years: Report

Tue, Feb 27, 2024

Considering PSBs’ valuation history, their trading multiples may look constrained now; however, the quality of earnings, growth outlook, and broader re-rating in public sector enterprises (PSEs) will enable steady performance for the sector, the brokerage added.

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