Genetics & mimetics: Why professional investors miss PSB-like rallies
-
almost 2 years ago
However, the Nifty PSU Bank Index (ex-SBI) story is not equally thrilling. It might appear that the share prices of constituents are trading at multi-year highs, but when you compare the market cap of these banks today with five years ago, considering the incremental capital raised and new shares issued toward mergers, the investors have hardly made any money here. Regardless, the index is up 60% over the past year, and 40% over the past two months.
Economic Times