Investment: The last financial year has been very bad for the stock market. The Sensex had then lost 2.75 percent. While the Nifty-50 saw a decline of 3.90 percent. But even in this critical phase, shares of 5 public sector banks have made their investors rich with high returns. While other indices witnessed huge ups and down, the PSU Bank Index has seen a gain of more than 30 percent in the last financial year.
Now let’s take a look at the shares of the top 5 best-performing banks
UCO Bank (UCO Bank)
In the last financial year, the share price of UCO Bank increased from Rs 12 to Rs 25. This means shares of this government bank have seen a rise of 110 percent. At the same time, during the last 6 months, the share price of UCO Bank has increased from the level of Rs.11.50 to Rs.25.
Indian Bank
Indian Bank shares had seen a boom during the last financial year. In this period, the price of one share of the bank has increased from the level of Rs.160 to Rs.290. In the last 6 months, Indian Bank has given a 50 percent return to its investors.
Union Bank of India
The past financials have been good for the investors of this public sector bank. The share price of Union Bank has climbed up to 65 percent during the financial year 2022-23. In December 2022, the share price of this bank reached the level of Rs 96.40. Which is the 52-week high of the bank. However, since then the shares of Union Bank have been witnessing a decline.
Read More :-DIRECT TAX COLLECTION RISES BY 18% IN FY 2022-23
Bank of India
In the last financial year, the share price of the Bank of India increased from Rs 49 to Rs 75. That is, in 12 months, this PSU bank has given more than 50 per cent return to its investors. Investors who have placed bets on Bank of India shares have received returns of up to 60 per cent in the last 6 months.
Punjab and Sind Bank
The share price of this PSU bank has increased from Rs 16 to Rs 26. That is, in the financial year 2022-23, this government bank has given a return of close to 65 percent to its investors.
Also Read: BREAKING! Surat court approves bail of Rahul Gandhi, next hearing on May 3
Read More :- Latest Business News
