Bengaluru, June 25 -- HDFC Securities, a leading brokerage firm, has initiated a buy coverage for several PSU stocks in which it sees an upside potential of upto 30 percent. In this article, we will look at which stocks the brokerage is bullish on and its rationale.

The Indian PSU banking space, which was once considered to be structurally weak, is beginning to show the early signs of a sustained turnaround, reports HDFC Securities in a note.

The Indian PSU banking space can be expected to recover, owing to governance reforms, better digital infrastructure, and better earnings quality. The brokerage believes that select mid-tier PSU Banks present attractive risk-reward opportunities in light of their clean balance sheets, scalable oper...