Public sector banks (PSU) showed a positive trend during the week of November 25–29, 2024, with most counters closing in the green.
Bank of India Ltd led the pack, gaining ₹4.33 (4.08%) to close at ₹110.35. Indian Overseas Bank followed with a strong performance, rising ₹1.81 (3.48%) to ₹53.79. Bank of Maharashtra also saw significant buying interest, gaining ₹1.70 (3.10%) to close at ₹56.60.
Other gainers included Union Bank of India with a rise of ₹3.33 (2.82%) to ₹121.45 and Central Bank of India, which added ₹1.50 (2.76%) to close at ₹55.86. Modest gains were observed in Punjab National Bank (+0.93%), Bank of Baroda (+0.43%), Canara Bank (+2.10%), and Punjab & Sind Bank (+2.08%).
Weekly Performance Table
| Stock | Closing Price (₹) | Weekly Gain (₹) | Weekly Gain (%) |
|---|---|---|---|
| Bank of India Ltd | 110.35 | +4.33 | +4.08 |
| Indian Overseas Bank | 53.79 | +1.81 | +3.48 |
| Bank of Maharashtra | 56.60 | +1.70 | +3.10 |
| Union Bank of India | 121.45 | +3.33 | +2.82 |
| Central Bank of India | 55.86 | +1.50 | +2.76 |
| Punjab & Sind Bank | 49.95 | +1.02 | +2.08 |
| Canara Bank | 101.99 | +2.10 | +2.10 |
| Bank of Baroda | 246.30 | +1.05 | +0.43 |
| Punjab National Bank | 104.85 | +0.93 | +0.89 |
| State Bank of India | 838.70 | +1.90 | +0.23 |
The PSU banking sector displayed resilience, reflecting continued investor confidence in government-backed institutions.
Disclaimer:
This article is for informational purposes only and should not be interpreted as financial or investment advice. Readers are advised to consult with a professional financial advisor before making any investment decisions.
