Public sector bank stocks that rallied over 13% yesterday on reports of a potential government stake sale have opened sharply lower today. Here’s how the stocks are performing as of 9:23 AM:
- Bank of Maharashtra (Mahabank): Down by ₹1.94 (-3.68%), trading at ₹50.80.
- Punjab & Sind Bank (PSB): Declined by ₹2.18 (-4.53%), trading at ₹45.91.
- Central Bank of India (CentralBK): Dropped by ₹3.35 (-6.05%), at ₹51.99.
- UCO Bank: Plunged ₹2.96 (-6.54%), trading at ₹42.31.
- Indian Overseas Bank (IOB): Fell by ₹3.83 (-7.12%), trading at ₹49.94.
The sharp drop follows yesterday’s gains, as investors weigh the implications of the potential government stake sale and market sentiment adjusts. These PSU stocks remain under focus for further developments.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
