The stock is up by 16 per cent from its 52-week low of Rs 256.10 per share.

The government currently holds a significant stake in these four banks.

Now, here comes an interesting fact, the stock has delivered multibagger returns of about 129 per cent from its 52-week low and President of India holds a whopping 93.03 per cent

The banking sector led the gains, posting an increase of 3.61 per cent. Following closely behind were the financial services and oil- gas sector, both exhibiting robust performances with gains more than 3 per cent.

With the majority stake held by the government, these companies are comparatively less volatile and stable in market actions.

At 11 am, the S&P BSE 500 index was trading at a loss of 152.05 points or 0.61 per cent. The market is weak, but banking stocks are buzzing today with the Bank of Maharashtra hitting a fresh 52-week high of 25.60. 

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.  

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