PNB to Central Bank: These 5 PSU bank stocks hit 52-week highs today | Popgen Tech

Here we have listed the full details regarding those PSU banks which have hit the 52-week high day:

1]Central Bank of India: Shares of this PSU bank opened upside today and hit a new 52-week high ₹26.45 each, cutting close to 12 percent intraday gains in the early morning session. The share price of this state bank has been in an upward trend since May 2022. In the last 6 months, it has delivered a profit of nera 50 percent to its shareholders. This PSU stock has increased by more than 20 percent in the YTD time while in the last one year, it has increased to 30 percent.

2]Indian Bank: This share of the public sector bank has been climbing to a 52-week high on a regular basis. It had hit a 52-week high on Friday as well. It had hit a 52-week high on Monday, Tuesday and Wednesday last week as well. In fact, the stock was in an upward trend after entering 2022. In the last six months, it has increased from approx ₹155 to ₹275 levels each, delivering around 75 percent profit at this time to its shareholders. In YTD time, this state bank stock has increased from 140 to ₹275 levels each, registering more than 90 percent increase in this period. This PSU baking share gave about 90 percent gain in the first year and this is obvious as the stock was sideways before the start of 2022.

3]Punjab National Bank or PNB: Like the Indian Bank, PNB’s share price also rose to a fresh 52-week high in the second consecutive session. Today it rose to a new 52-week high of ₹47.80 per piece. Like the Central Bank of India, this PSU bank stock is also in an uptrend since May 2022. In YTD time, it has delivered a gain of 25 percent while in the last six months, it has risen from approx. ₹30 to ₹Levels of 47.80 each, leading at a rate of increase of 55 percent in this time horizon. In the last one year, this PSU stock has risen by around 20 percent.

4]UCO Bank: The bank stock’s share price rose 14 percent today to a new 52-week high. ₹18.90 per piece. After entering 2022, this PSU stock remained on the downside for a negative way until June 2022. However, UCO Bank’s share price picked up momentum in the second half of the year current and rose to a fresh 52-week high today. In the last month, this PSU bank stock has given 45 percent returns to its shareholders while in the last six months, it has crossed a 55 percent increase. In YTD time, the share price of UCO Bank rose to 35 percent.

5]Union Bank of India: Shares of this public sector bank’s share price have been hitting new 52-week highs for the past three straight sessions. The share price of Union Bank of India opened its head today and went on to hit a fresh 52-week high. ₹75.80 per level. Like other PSU bank stocks, shares of Union Bank of India are also in an upward trend since May 2022. In the last six months, it has increased to 105 percent, doubling the money of -shareholders in a recent continuous trend. Therefore, this banking stock is one of the multibagger stocks in 2022. In the last month, this PSU stock has increased by more than 50 percent while in the last year, it has increased by more than 70 percent.