In utilities, PSUs beat private firms on consistency in return on equity
The average RoE of five PSUs was 11% in the past fiscal, while those of nine private sector firms stood at 4%, data show
Public sector enterprises are not known to be investor-savvy. In the last three years, the S&P BSE PSU index, which tracks shares of public sector units (PSUs), gained 18.6%, half of what the benchmark Sensex delivered (38.9%). But one business bucking this trend is the power sector.