psu bank stock gains

No Monday Blues! 10 PSU bank stocks hit 52-week highs, surge up to 14%

by
No Monday Blues! 10 PSU bank stocks hit 52-week highs, surge up to 14%

State-run Indian Overseas Bank (IOB) shares shot up nearly 14% on Monday to their 52-week high of Rs 45.15 amid a strong rally in public sector banks. Nifty PSU Bank was the top-performing index in an otherwise dull session. IOB was followed by UCO Bank, which was up nearly 7% around 10 am. It hit … Read more

PSU bank stocks jump up to 13%. Should you keep buying?

by
PSU bank stocks jump up to 13%. Should you keep buying?

After declining over 10% in the last trading session amid fear related to the Fed rate hike and rising covid cases in China, PSU bank stocks rebounded, gaining up to 13% in Monday’s intraday trade. Shares of () were the top gainers in today’s trade as the stock surged 13% to Rs 29.75 apiece. Meanwhile, … Read more