Unstoppable movement: This multibagger banking stock hits back-to-back 52-week high; Do you own it?
Unstoppable movement: This multibagger banking stock hits back-to-back 52-week high; Do you own it?
The President of India owns 63.97 percent of this banking company.
The stock has increased by 311 per cent in the last 3 years.
This large-cap multibagger banking stock hits back-to-back 52-week high; do you own it?
The stock has seen tremendous purchasing activity as it has provided multibagger returns of more than 102 percent in just one year.
Over the last five years, the company has generated good profit growth at a CAGR of 57.6 per cent.
Stellar Q4 result: This multibagger PSU company reports a 170 per cent jump in net profit; declares dividend!
The stock gave multibagger returns of 109.63 per cent from its 52-week low of Rs 89.90 per share.
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Nifty PSU Bank soared 28 per cent on YTD basis; find high dividend yield-paying PSU bank stocks here!
Valuations look enticing as most PSU banks trade below their book value. Banks are now reasonably capitalised and credit growth should accelerate.
PSU banks are an attractive play on the growing Indian economy as these banks have strengthened their balance sheet by fully providing for stressed accounts. The focus on improving underwriting practices is reflected in controlled slippages.
Overnight Digest: Stocks to keep an eye on September 2
Keep an eye on these stocks for Friday's trading session.
At market close on Thursday, the markets plunged, owing to weak market cues, globally. Sensex settled at 58,766.59, dropping 770.48 points or 1.29 per cent while Nifty 50 closed at 17,542.80, down by 216.50 points or 1.22 per cent.
Overnight Digest: Stocks to keep an eye on September 1
Keep an eye on these stocks for Thursday's trading session.
At the time of Tuesday’s closing bell, the markets rallied heavily, reversing all the losses and gaining the highest on the last trading of the month.
At 4 pm, Sensex settled at 59,537.07 level, gaining a whopping 1,564.45 points or 2.70 per cent while Nifty 50 closed at 17,759.30, up by 446.40 points or 2.58 per cent.
Overnight Digest: Stocks to keep an eye on August 29
Keep a watch on these stocks for Monday's trading session
The domestic indices had a great start to the day but gave up the majority of the gains to end flat. With the exception of BSE Realty and BSE FMCG, almost all the other sectors were trading higher. With gains of over 1 per cent each, BSE Metals and BSE Consumer Durables were the top performing sectors.
Four PSU bank stocks turn multibaggers in the last two years; Indian Bank gained the most!
Credit growth has improved from its historically low levels in recent years. Earnings growth is strongly supported by a healthy recovery from bad debt.
Interestingly, 10 out of 13 stocks managed to deliver positive returns in the last two years. Now, here comes the most fascinating thing which would leave everyone spellbound and it's the fact that not one or two stocks but as many as four stocks have turned into multi-baggers!
Overnight Digest: Stocks to keep an eye on August 24
Keep an eye on these stocks in tomorrow's trading session.
The markets witnessed a volatile session today, owing to the mixed market sentiment only to end higher by 0.50 per cent.
Sensex closed at 59,031.30, up by 0.44 per cent whereas Nifty 50 ended higher by 0.50 per cent at the 17,577.50 level.
Do you own this banking stock that benefitted the most from two-month rally and soared over 30 per cent?
Since June 17, 2022, the domestic indices have been on an unbroken upward trend. BSE Bankex sectoral index, for the banking industry, surged more than 18 per cent thereby, outperforming the markets.
Since June 17, 2022, the domestic indices have been on an unbroken upward trend. BSE Bankex sectoral index, for the banking industry, surged more than 18 per cent thereby, outperforming the markets.