
PSU stocks continue to attract attention because of their attractive valuations, but long-term returns depend on more than just low prices. Satish Ramanathan, CIO-Equity, JM Financial AMC, explains why sustainable earnings growth and the ability to reinvest capital remain critical for wealth creation. He shares why his investment approach balances value with growth and why many PSU companies still fall short of the growth thresholds needed for larger portfolio allocations.