Nifty 17467.25 (1.69%)
Sensex 58643.74 (1.75%)
Nifty Bank 37304.15 (1.87%)
Nifty IT 35933.9 (1.88%)
Nifty Financial Services 18272.95 (1.63%)
Adani Ports 758.00 (1.79%)
Asian Paints 3105.00 (2.46%)
Axis Bank 698.05 (1.61%)
B P C L 391.45 (0.94%)
Bajaj Auto 3333.30 (1.43%)
Bajaj Finance 7325.05 (3.12%)
Bajaj Finserv 17589.50 (2.81%)
Bharti Airtel 715.70 (2.41%)
Britannia Inds. 3573.25 (2.85%)
Cipla 897.85 (0.97%)
Coal India 150.80 (0.10%)
Divis Lab. 4603.10 (-0.47%)
Dr Reddys Labs 4574.95 (1.20%)
Eicher Motors 2512.55 (1.65%)
Grasim Inds 1722.00 (2.16%)
H D F C 2853.85 (1.29%)
HCL Technologies 1172.35 (1.97%)
HDFC Bank 1553.30 (1.81%)
HDFC Life Insur. 686.90 (-1.08%)
Hero Motocorp 2496.55 (1.41%)
Hind. Unilever 2336.55 (0.64%)
Hindalco Inds. 457.55 (3.40%)
I O C L 120.45 (-0.12%)
ICICI Bank 755.05 (2.78%)
IndusInd Bank 945.20 (2.00%)
Infosys 1752.60 (2.39%)
ITC 225.30 (2.11%)
JSW Steel 673.10 (1.88%)
Kotak Mah. Bank 1919.80 (-0.90%)
Larsen & Toubro 1828.25 (1.68%)
M & M 838.25 (1.49%)
Maruti Suzuki 7434.50 (3.45%)
Nestle India 19481.55 (0.71%)
NTPC 127.15 (1.44%)
O N G C 148.00 (1.44%)
Power Grid Corpn 205.45 (-0.17%)
Reliance Industr 2418.75 (1.55%)
SBI Life Insuran 1168.60 (0.82%)
Shree Cement 26103.40 (1.39%)
St Bk of India 491.65 (3.14%)
Sun Pharma.Inds. 756.05 (1.66%)
Tata Consumer 771.90 (1.47%)
Tata Motors 494.50 (2.64%)
Tata Steel 1173.95 (2.19%)
TCS 3626.50 (1.17%)
Tech Mahindra 1607.65 (1.97%)
Titan Company 2402.80 (0.93%)
UltraTech Cem. 7424.20 (1.71%)
UPL 728.40 (0.20%)
Wipro 641.80 (1.49%)
Are PSU Banks on the cusp of change?
by 5paisa Research Team 22/10/2021

PSU Banks are up by 20% in the last thirty days. They have outperformed Nifty Bank by a huge margin. Are they going to sustain this outperformance?

One of the trends that is quite visible in the last few days of trading is that banking stocks are outperforming the overall market. Even within banks, state-owned banks are showing better resilience. Banks like Indian Bank and Union Bank are up by 40% in the last thirty days. In the same period, the best performing bank from the private sector has been Federal Bank, whose share price is up by 20%. This better performance in the last one month has helped the PSB stocks to lift last one-year performance also. They are up by 114% in the last year compared to 63.5% by Bank Nifty.

Performance of PSU Banks in last one year and one month.

Symbol  

52week High  

52week Low  

365 day % Change  

30 day % Change  

NIFTY PSU BANK  

2,860.75  

1,244.85  

114.37  

19.26  

INDIAN Bank  

185.75  

57.35  

202.32  

40.51  

J&K BANK  

44.3  

14.05  

173.54  

7.57  

CENTRAL Bank  

29.65  

10.65  

113.95  

7.48  

SBI   

508.7  

185.9  

145.89  

14.18  

Punjab & Sind Bank  

23.75  

10.4  

68.04  

7.6  

UCO BANK  

16.35  

10.75  

15.08  

7.81  

BANK of BARODA  

99.85  

41.05  

121.97  

20.09  

PNB  

48.2  

26.3  

62.32  

15.88  

CANARA Bank  

204.25  

84.35  

122.07  

27.27  

BANK of INDIA  

101.4  

38.2  

50.37  

10.51  

MAHA BANK  

32  

10.85  

85.84  

17.98  

IOB  

29  

9.05  

132.43  

3.37  

UNION BANK  

51.7  

23.45  

101.23  

40.49  

What is driving the banking sector as a whole is their underperformance for a while and good quarterly results. For example, the Bank of Maharashtra saw its profit double in the latest quarter on yearly basis. Besides its asset quality has also improved significantly. There are many cases that are not being resolved such as DHFL, which is helping such bank. Hence, PSBs are likely to continue their superior performance.

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