Public sector bank stocks have given stupendous returns this year. UCO Bank, Bank of Baroda (BoB), Punjab & Sind Bank, Union Bank of India, Central Bank, Indian Bank and Bank of India all gained well. Uco Bank’s shares have been at the forefront of giving returns among public sector banks. UCO Bank shares have gained more than 190% in the last 6 months. The BSE Bankex index has gained 18.67% this year.
UCO Bank shares gave a return of 192%
Shares of public sector UCO Bank have given returns of close to 192% in the last 6 months. UCO Bank shares were at the level of Rs 10.52 on June 20, 2022. The shares of the public sector bank have closed at Rs 30.80 on December 29, 2022 at BSE. If a person had invested Rs 1 lakh in UCO Bank shares on June 20, 2022, then at present this money would have been Rs 2.92 lakh.
Punjab and Sind Bank shares gave 147% return in 6 months
Shares of Punjab and Sind Bank have given a return of close to 147% in the last 6 months. Shares of Punjab and Sind Bank were at Rs 12.50 on June 21, 2022 at BAC. The shares of the state-owned bank closed at Rs.32.45 on December 29, 2022 at BSE. On the other hand, shares of Bank of Baroda (BoB) have given a return of around 121% so far this year. At the beginning of the year, on January 3, 2022, the shares of Bank of Baroda were at Rs 83.75. The bank’s shares have closed at Rs 185.35 on December 29, 2022.
Disclaimer: Information provided here is only about stock performance and does not constitute investment advice. Investment in share market is subject to risk and you should consult your advisor before investing.