Jan 19, 2023
By: bhakti.makwana@timesinternet.in
Credit: BCCL
Public sector banks have sharply outperformed benchmark indices from 2022 thanks to a robust recovery led by improving asset quality, credit growth after Covid-19 hit the economy.
Credit: BCCL
The PSU Bank index emerged as the top sectoral winner in 2022, recording gains of nearly 73 percent – or about 16x the gains of the Nifty50 in 2022, as on December 15.
Credit: BCCL
Despite a strong rally in stocks of PSU banks, a report by ICICI Direct states that the valuations of PSU banks are still ‘reasonable’, suggesting that there’s more juice left going forward.
Credit: BCCL
The public lender based in Kolkata gave highest returns to its investors. It’s a multibagger as its stock ran up 175 percent in the last six months. The stock gave 135 percent returns in the last one year.
Credit: BCCL
The Mumbai based public sector bank has given 115 percent returns to investors in the last six months period, and 81 percent in the last one year.
Credit: BCCL
The New Delhi based lender has delivered 113 percent to investors in the last six months, and 90 percent in the last one year.
Credit: BCCL
Another public lender close to doubling investor money in a six months period is Bank of Maharashtra with 88 percent returns. The stock gave 47 percent returns in the last one year.
Credit: BCCL
The Mumbai based public sector lender delivered 90 percent returns to investors in the last six months. In the last one year, the stock gave 66 percent.
Credit: BCCL
The Delhi based lender gave 80 percent returns to investors in the last six months and 42 percent in the last one year.
Credit: BCCL