South Indian Bank & Bank of Baroda: The 52-week highs
Bank stock prices are at their highest point in 52 weeks: During Monday’s early morning transactions, three banking shares—Bank of Baroda (BOB), Punjab National Bank (PNB), and South Indian Bank—achieved fresh 52-week highs. Among these three banking stocks, South Indian Bank’s shares have .
provided multibagger returns to its current owners over the last year, while the prices of BOB and PNB have both climbed by about 85% and up to 95%, respectively.
Bank of Baroda: Today’s BoB share price opened higher before rising to a new 52-week high of 210.80 per share on the NSE. However, after reaching a 52-week high, Bank of Baroda shares experienced profit taking and struck an intraday low of 204.40 each, losing more than 2% compared to their close price of.
209 each on Friday. For positional investors, the BoB share price has been a great buy on dips stock over the last year since it increased from about 110 to 210 per share, an increase of 85%.
The PSU stock has increased from about 37.50 to 210 per share during the post-Covid recovery, providing about 450 percent in just under three years.
Punjab National Bank: From July to December 2022, PNB share price grew significantly as PS Bank share price soared from about 31 to 60 per share, giving owners a nearly 100% return in less than six months.
The PNB share price, however, hit a profit booking trigger after the new year of 2023 and bottomed out at 45 per share levels at the end of March 2023. This PSU bank share garnered new purchasing attention from value investors in the new fiscal year of 2023. The stock then started to give positive movement and today’s morning trades saw it reach a new 52-week high of 62.35 per share.
PNB’s share price has increased by around 15% over the past month, but only by little more than 5% over the past year. However, this PSU bank’s equity has increased by around 95% during the past year.
However, this state-owned banking stake has increased from around 27 to 62.35 per piece levels in the post-Covid recovery, providing almost 130% over the past three years.
South Indian Bank: This private banking stock has given its positioned shareholders a staggering 175 percent profit. This penny stock surged from about $8 to $21.50 per share over that time, becoming a multibagger.
This private bank’s stock price has increased from 5 to 21.50 per share during the post-Covid recovery, representing a 330 percent gain over the past three years.
Bank of Baroda: Today’s BoB share price opened higher before rising to a new 52-week high of 210.80 per share on the NSE. However, after reaching a 52-week high, Bank of Baroda shares experienced profit taking and struck an intraday low of 204.40 each, losing more than 2% compared to their close price of 209 each on Friday. For positional investors, the BoB share price has been a great buy on dips stock over the last year since it increased from about 110 to 210 per share, an increase of 85%.
The PSU stock has increased from about 37.50 to 210 per share during the post-Covid recovery, providing about 450 percent in just under three years.
Bank of Baroda: Today’s BoB share price opened higher before rising to a new 52-week high of 210.80 per share on the NSE. However, after reaching a 52-week high, Bank of Baroda shares experienced profit taking and struck an intraday low of 204.40 each, losing more than 2% compared to their close price of 209 each on Friday. For positional investors, the BoB share price has been a great buy on dips stock over the last year since it increased from about 110 to 210 per share, an increase of 85%.
