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PSU banking stocks shine as FM allocates Rs 70,000 crore for PSU bank recapitalisation

Stocks related to PSU Bank sector edged higher as Finance Minister has allocated Rs 70,000 crore for PSU bank recapitalization

State Bank of India (SBI) is currently trading at Rs. 368.15, up by 0.85 points or 0.23% from its previous closing of Rs. 367.30 on the BSE. The scrip opened at Rs. 369.25 and has touched a high and low of Rs. 369.75 and Rs. 366.00 respectively. So far 440974 shares were traded on the counter.

Bank of Baroda is currently trading at Rs. 132.00, up by 2.60 points or 2.10% from its previous closing of Rs. 129.40 on the BSE. The scrip opened at Rs. 130.05 and has touched a high and low of Rs. 132.20 and Rs. 127.20 respectively. So far 890135 shares were traded on the counter.

Punjab National Bank is currently trading at Rs. 82.90, up by 0.90 points or 1.10% from its previous closing of Rs. 82.00 on the BSE. The scrip opened at Rs. 82.40 and has touched a high and low of Rs. 83.05 and Rs. 81.00 respectively. So far 1034562 shares were traded on the counter.

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