Public Sector Undertaking (PSU) stocks in 2025 showed varied performance, with metals, PSU banks, and defense sectors experiencing gains up to 109%, while power, railway, and NBFC sectors saw declines. Hindustan Copper and Gujarat Mineral Development Corporation were standout performers. Market participants are now looking to Budget 2026 as a potential catalyst for PSU firms, anticipating increased government spending and policy continuity to drive further growth.