Investors chasing value in PSUs take CPSE index to 2-year high SECTIONS Share Synopsis Experts say another 20% rally possible PSU stocks expected to remain in focus led by valuations gap, superior dividend yields and improving earnings visibility at many cos Agencies Investors’ appetite for undervalued stocks brought them to public sector companies on Tuesday, driving the index comprising shares of state-owned companies to a two-year high. The CPSE, or Central Public Sector Enterprises, index jumped 3.4% on Tuesday as against the 0.6% decline in the Nifty, opening up the possibility of another 20% rally over the next two months. NTPC, which has 20% weight in the CPSE index, rallied 4.6% to Rs 112.65 on Tuesday while ONGC with 19.48% weight gained 3.7% to ₹118. The other two heavyweights, Coal India and Bharat Electronics gained 6% and 3%, respectively. The CPSE index has gained 20% in a month.