As of 1:04 PM today, the PSU banking sector has seen mixed performance with most banks in the red. Here’s a closer look at the performance of key PSU banks:
- IDBI Bank dropped 1.46%, trading at ₹87.35, after opening at ₹88.64 with a low of ₹87.00 during the session.
- Central Bank of India slipped 1.06%, currently trading at ₹59.05, with a session low of ₹58.53.
- Jammu & Kashmir Bank was down 0.98%, trading at ₹106.23.
- Indian Overseas Bank (IOB) declined 0.96%, trading at ₹57.80.
- UCO Bank fell 0.92%, with its stock priced at ₹48.36.
- Punjab National Bank (PNB) dropped 0.79%, trading at ₹108.36 after touching a low of ₹107.75 during the session.
- Bank of India was down 0.69%, trading at ₹110.01.
- Canara Bank slipped 0.37%, trading at ₹112.68.
- Union Bank of India remained relatively stable, down 0.09%, trading at ₹123.40.
- Maharashtra Bank (Mahabank) was the only gainer in the PSU sector, rising 1.24%, currently trading at ₹60.57.
Overall, most PSU banks are witnessing declines, with Mahabank bucking the trend as the sole gainer in the sector. Market sentiment remains cautious within the public sector banking space today.
Disclaimer: Stock market investments are subject to market risks. The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Readers are advised to seek independent financial advice before making any investment decisions
