Select PSU bank stocks hold on to gains

R. Y. Narayanan | Updated on March 12, 2018

Shares of PSU banks are this afternoon holding on to the gains made in the wake of the capital infusion plan announced by the Government of India yesterday.

But the gains are not uniformly spread with only a handful of stocks witnessing notable upturn.

Bank of Baroda has gained Rs 18.35 to trade at Rs 608.70 and PNB was up by Rs 12.10 at Rs 507.85. SBI was trading at Rs 1738.40, a gain of Rs 21.85.

A few other PSU banks in the PSU Bank index like Union Bank, BoI, OBC and Canara Bank made modest gains ranging from Rs 3.35 to Rs 4.55 each. But the gains made by the rest — IDBI, Syndicate Bank, IOB and Andhra Bank were negligible.

The CNX PSU Bank index was up by about 41 points.

Published on October 24, 2013

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