Investors today are thriving in public sector bank stocks, with shares from SBI to IOB rising sharply

Today, while the Bank Nifty is under pressure, the Nifty PSU Bank Index has rallied over 3 percent on the back of gains in shares of public sector banks. Shares of all public sector banks included in this index are trading above 1 to more than 12 percent. All 12 stocks included in this index are rising.

The highest rise is seen in the shares of Indian Overseas Bank. IOB increased by 12.41 percent to Rs. A 52-week high of 44.40 has been reached. On the other hand, UCO Bank also increased by 9 percent to Rs. is trading at 44.05. Punjab and Sindh Bank is trading at Rs 48.15, up 7.84 per cent.

Apart from this, the shares of Central Bank of India have increased by 6.26 percent to Rs 50.05. Bank of Maharashtra has a jump of 5.32 percent. Share Rs. Trading at 47.50. Punjab National Bank rose 4.79 percent to Rs 77.70. Bank of India increased by 4.68 percent to Rs. is at 110.70. Indian Bank rose 4.01 percent to Rs. is trading at 413.65.

When the profit of this state-owned bank increased, the shares started to rise, the price is less than ₹50, the money doubles in six months.

Bank of Baroda rose 2.68 percent to Rs. 216.45, while Canara Bank rose 1.66 percent to Rs. is at 370.90. Union Bank rose 1.46 percent to Rs. 97.50 and State Bank rose 1 percent to Rs. reached 604.85.