ITI emerges as the best-performing PSU stock, defeats defence and others

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Since August 1, 2024, the market capitalisation of ITI has swelled by ₹23,066 crore –the most among all listed PSUs— to ₹ 52306 crore. That compares with erosion of over ₹ 1 lakh crore seen in both ONGC and LIC of India during the same period. Other PSUs that have recorded some gains since August this year include, GIC of India, PNB Housing Finance, NALCO and SBI Cards & Payment Services.

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