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There has been buzz around privatisation on the PSB front. Do you see this interest continuing? The beaten down stocks or themes is the most interesting place and the public sector undertakings form a part of that. We are 2.5 months into 2021. The Nifty is up around 7.5%, the PSU Bank Index is up 30%. Metals are up 18% and the PSU basket or index itself is up 18%. Globally, the beaten down spaces or sectors that have been the worst hit in the Covid fall are actually the biggest gainers. The PSUs form a subset of that basket. It is not just in India. In the two and a half months, Nifty is up 7.5% and the small cap index is up 20%. The midcap index is up 16%. So, the outperformance happening in the beaten down spaces. Thematically, beaten down spaces have been the biggest gainers in the last few months. ....
This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Growth stocks struggled to stage a comeback amid the broad market rebound this week. And elevated market volatility is driving demand for single-stock ideas, according to UBS. The bank shares 13 most compelling counter-consensus stocks and why they are set to outperform. As investors continued to rotate out of high-growth tech stocks and into once out-of-favor value stocks, contrarian stock pickers who saw it coming are the ones being rewarded handsomely for bucking the trend. After months of bubble warnings in the market, many high-flying stocks have fallen back to earth. Electric-vehicle maker Tesla has plunged almost 14% in the past month despite having rallied 9.4% over the past week as of Thursday morning. ....