I believe that potential stake sales of PSUs to partly meet the ever increasing fiscal deficit of the Government is likely to be a key overhang on their stock prices.
Further, one of the key factors in my evaluation of stocks is Management. As has been highlighted earlier in this thread, PSU leadership undergoes frequent changes which does not incentivize them to strategically grow the business - plus there is always red tapism and bureaucracy.
PSUs may be good dividend payers with attractive valuation ratios but because of the reasons mentioned above, I’m not confident of their growth potential.
While I’m not advocating that we buy stocks suggested by Marcellus, I would personally stay away from investing in PSUs.