Public Sector Undertaking (PSU) bank stocks are a part of the government-owned banking sector in India. These banks are backed by the Government of India, providing investors with a sense of security.
The long-term outlook for PSU banks appears promising, as they are poised to play a crucial role in the nation’s financial landscape, particularly as India’s economy continues to grow and evolve.
The recent inclusion of Indian PSU banks in global indices, coupled with improving fundamentals and policy reforms, makes it an opportune time to consider long-term investments in these stocks
Furthermore, on February 8, the Reserve Bank of India’s Monetary Policy Committee (MPC), decided to leave the repo rate unchanged at 6.5 percent for the sixth straight time.
Listed below are such multibagger PSU stocks that are held by the Government of India:
Punjab & Sind Bank
With a market capitalization of Rs. 44,320 crores, the shares of Punjab & Sind Bank started Monday’s trading session on a flatter note at Rs. 66. During the trading session, the shares hit a low of Rs. 64.55, making a loss of around 2 percent and are currently trading at Rs. 65 apiece.
The shares have delivered a multibagger return of 130 percent to its investors in one year. For example, if someone had invested Rs. 1 lakhs in these shares, then the worth of those shares would be Rs. 2.30 lakhs now.
Coming onto the company’s latest financial statement, the Net Intrest Income(NII) increased by around 10 percent from Rs. 675 crores during the September quarter to Rs. 739 crores in the December quarter. On a contrasting note, the net profits declined by around 40 percent from Rs. 189 crores to Rs. 114 crores during the same period.
According to the latest shareholding pattern, the Prmotores or the Government of India hold 98.25 percent stake, FIIs have 0.01 percent shares, DIIs hold 0.65 percent stake and the remaining 1.09 percent of shares are with the Retail Investors.
Central Bank of India
With a market capitalization of Rs. 57,798 crores, the shares of the Central Bank of India started Monday’s trading session on a flatter note at Rs. 68. During the trading session, the shares hit a low of Rs. 66, making a loss of around 3 percent and currently trading at Rs. 66 apiece.
The shares have delivered a multibagger return of 144 percent to its investors in one year. For example, if someone had invested Rs. 1 lakhs in these shares, then the worth of those shares would be Rs. 2.44 lakhs now.
Coming onto the company’s latest financial statement, the Net Intrest Income(NII) increased marginally by around 4 percent from Rs. 3,028 crores during the September quarter to Rs. 3,125 crores in the December quarter. In addition, the net profits increased by around 20 percent from Rs. 605 crores to Rs. 718 crores during the same period.
According to the latest shareholding pattern, the Prmotores or the Government of India hold 93.08 percent stake, FIIs have 0.07 percent shares, DIIs hold 2.79 percent stake and the remaining 4.04 percent of shares are with the Retail Investors.
Indian Overseas Bank
With a market capitalization of Rs. 1,33,829 crores, the shares of the Indian Overseas Bank started Friday’s trading session on a flatter note at Rs. 75.10. During the trading session, the shares hit a low of Rs. 69.15, making a loss of around 3 percent and are currently trading at Rs. 70 apiece.
The shares have delivered a multibagger return of 160 percent to its investors in one year. For example, if someone had invested Rs. 1 lakhs in these shares then the worth of those shares would be Rs. 2.60 lakhs now.
Coming onto the company’s latest financial statement, the Net Intrest Income(NII) increased marginally by around 2.21 percent from Rs. 2,346 crores during the September quarter to Rs. 2,398 crores in the December quarter. In addition, the net profits increased by around 20 percent from Rs. 625 crores to Rs. 723 crores during the same period.
According to the latest shareholding pattern, the Prmotores or the Government of India hold 96.38 percent stake, FIIs have 0.03 percent shares, DIIs hold 1.29 percent stake and the remaining 2.28 percent of shares are with the Retail Investors.
Written By Vaibhav Patil
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