There is room for at least 20-25% upside in PSU stocks: Siddhartha Khemka

Siddhartha Khemka says: “We believe that in the next two years, FY24-25, the Nifty earnings would continue to grow at 18-20% which should drive the returns from the market. We do not expect much re-rating as we are near the mean of around 20 times. So the earnings will drive the returns and that is what we believe investors should look for.”

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