Curated basketWeak

PSU

Government-owned banks, energy, defence and infrastructure names that led the PSU re-rating.

16 companies
₹37.41L cr combined market capAs of 18 Aug 2026

This is an editorial list, not an index. No thematic index exists for us to source membership from, so the companies below were chosen by hand — treat the basket as a starting point for research rather than a definitive universe.

Returns

Cap-weighted with a 12% ceiling per company
Basis1D1W1M3M6M1Y
Cap-weighted-0.1%-0.2%-0.5%-2.1%-7.5%+3.2%
Equal-weighted-0.2%-0.7%-1.6%-2.8%-9.1%-2.5%
vs universe-2.3pp-9.5pp-13.7pp

Cap- and equal-weighted diverge. 1Y +5.6pp. The large members are carrying this theme — the typical company in it did less well than the headline suggests.

Why this label

Classified Weak because it was none of the trending, turning-around or cooling conditions were met. Relative strength is measured against DocStoX universe (5,289 companies).

1M vs universe
-2.3pp
3M vs universe
-9.5pp
6M vs universe
-13.7pp
Above 200-DMA
19%
Above 50-DMA
19%
Acceleration
+7.2pp

These are the exact figures the nightly classifier read — not a recalculation in your browser. A dash means the input could not be computed, in which case no label is assigned at all.

Breadth

16 of 16 eligible
Above 200-day average19%
Above 50-day average19%
Median RSI
41.6
Oversold
2
RSI below 30
Overbought
1
RSI above 70

These percentages are of the 16 members that carry moving-average history, not all 16. Members without enough price history are excluded from both the numerator and the denominator.

Valuation

Medians, not averages — one loss-making outlier cannot drag the whole theme.

Median P/E
12.3
from 16 companies
Median ROE
15.3%
from 16 companies

Each median names the number of companies behind it. Companies without a reported figure are excluded from that median rather than counted as zero.

Leaders & laggards

All 16 companies

A dash means we have no figure — not a zero
Companies in the PSU theme, with weight, market cap, price, returns and valuation.
STATE BANK OF INDIASBIN+0.8%
HINDUSTAN AERONAUTICS LTDHAL+13.3%
NTPC LTDNTPC-1.4%
BHARAT ELECTRONICS LTDBEL+0.6%
OIL AND NATURAL GAS CORP.ONGC-3.2%
COAL INDIA LTDCOALINDIA-4.9%
POWER GRID CORP. LTD.POWERGRID-5.5%
INDIAN OIL CORP LTDIOC-2.7%
BHARAT PETROLEUM CORP LTBPCL-1.7%
BANK OF BARODABANKBARODA-1.1%
POWER FIN CORP LTD.PFC-7.5%
GAIL (INDIA) LTDGAIL+1.3%
INDIAN RAILWAY FIN CORP LIRFC-2.6%
REC LIMITEDRECLTD-4.7%
NHPC LTDNHPC-3.1%
SJVN LTDSJVN-4.1%

PSU stocks — frequently asked

How many PSU stocks are listed in India?
DocStoX tracks 16 listed PSU companies across NSE and BSE, selected as a curated basket rather than from an index.
How have PSU stocks performed over the last 3 months?
The PSU theme returned -2.1% over three months on a market-cap-weighted basis (each company capped at 12%), measured against DocStoX universe (5,289 companies).
Are PSU stocks trending?
DocStoX currently labels this theme "Weak", based on its 1-month and 3-month relative strength and the share of members above their 200-day and 50-day moving averages. This is a data classification, not investment advice.
Which PSU stock has performed best recently?
HINDUSTAN AERONAUTICS LTD (HAL) leads the theme over the last month at +13.3%. Past performance does not indicate future returns.

Other curated baskets

Compare this theme with the rest of the market.

All themes

Themes are informational groupings of listed companies, not recommendations, portfolios or indices. Figures are computed nightly from end-of-day data and may lag the live market. This is not investment advice — consult a SEBI-registered adviser before investing.

PSU Stocks — Theme Returns & Members | DocStoX