PSU banks have been performing well on the street for the last more than one year. Even in the correction which the market saw last in the last couple of weeks, PSU banking stocks are amongst the first to rebound when there is any sort of recovery in the market. The reaction of the street to their Q2 earnings is also indicative of underlying hope in the sector. But the whole operating landscape of each PSU bank is very different, right from the exposure to particular sectors and industrial groups to the geographical region in which they are operating. So while they are called as one PSU space, each of them probably will have its own journey. So should you be selective in looking at them or buy them as a basket?
