The Domestic indices opened Friday’s session broadly higher. The NSE Nifty 50 climbed 110.60 points or 0.64% to start at 17,432.50 levels and BSE Sensex rose 349.05 points or 0.59% to 59,258.40.
Meanwhile, the Bank Nifty surged 325.20 points or 0.81% to 40,715.00 levels and the Nifty PSU Bank index jumped 3.56% to 3,900.70. As the broader indices have jumped, here are 4 banks stocks that have gained more than 5 percent on Friday’s session:
Bank of Baroda Limited
The shares of Bank of Baroda, a constituent of the broader index Bank Nifty, gained as much as 5 percent in the early hours and were trading at Rs 172 levels. In the past five days, the stock has jumped by 11 percent and in the last six months, the stock has rallied by more than 29 percent.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services, and treasury services.
State Bank of India
The shares of the largest bank in India gained as much as 6 percent to trade at Rs 561 levels in the early hours of Friday. In the past five days, the stock has jumped by 7 percent and over the last year, it has gained 20 percent.
State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking, and Financial Services in India. It is the largest Indian Bank with 1/4th market share.
Punjab and Sind Bank
The shares of Punjab and Sind Bank climbed up by 7.5 percent and were trading at Rs 28 levels. In the past five days, the stock has gained 12 percent and in six months it has logged a return of 83 percent.
Punjab & Sind Bank is a Public Sector Bank that majorly caters to the economically weaker sections and Small and Medium Scale Enterprises (SMEs). The bank has a pan-India presence with 1528 branches and 803 ATMs across the country.
Union Bank of India Limited
The PSU bank saw its shares gain as much as 8 percent to trade at Rs 71.75 levels. In the span of six months, the stock has risen by 68 percent and in a year it has gained 75 percent.
Union Bank of India is one of the country’s largest government banks, with over 9400 branches and 125 regional offices spread across the country.
Written by Anoushka Roy
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