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HomeNewsBusinessStocksMutual funds cut stakes in frothy PSUs as large undervaluation vanishes
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Mutual funds cut stakes in frothy PSUs as large undervaluation vanishes

Ravindra Sonavane   •

The largest sell-off was seen in SJVN, where holdings were cut by over 53%, followed by Ircon International and NMDC Steel, with reductions of around 47% and 30% respectively.

After huge rally, several analysts advised investors to sell off their PSU holdings and not be swayed by the recent rally. They suggest using the rally as an opportunity to exit most positions

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