Nifty PSU Bank index drops 16%, 5 stocks tumble over 20% so far in 2023

Feb 27, 2023

Ritesh Presswala

Far From Peak

The Nifty PSU Bank index has experienced a significant drop of around 16%, making it one of the worst-performing indices, as opposed to the benchmark index Nifty, which has only fallen around 3.5%. As a result, all stocks in the bank PSU index have turned negative, with 5 of them plummeting over 20% so far this year. These stocks need to rally by up to 75% to reach their 52-week highs. (Data Source: ACE Equity)

Image Source: ETMarkets.com

Indian Overseas Bank

YTD Return: -25% | CMP: Rs 24 | 52-week high Rs: 36.70

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Punjab & Sind Bank

YTD Return: -25% | CMP: Rs 25 | 52-week high Rs: 44.75

Image Source: ETMarkets.com

Central Bank Of India

YTD Return: -21% | CMP: Rs 25 | 52-week high Rs: 41.80

Image Source: ETMarkets.com

UCO Bank

YTD Return: -21% | CMP: Rs 25 | 52-week high Rs: 38.15

Image Source: ETMarkets.com

Bank of India

YTD Return: -21% | CMP: Rs 70 | 52-week high Rs: 103.50

Image Source: ETMarkets.com

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