BoI, PNB, IOB: 5 PSBs type ‘falling knife’ sample; charts say keep away


Net Unique

State Financial institution of India is the one inventory that has bucked the pattern. The inventory has amplified buyers’ wealth by 250 per cent within the final 5 years and 550 per cent within the twelve-year interval

Matters

Nifty PSU Financial institution | PSU financial institution shares | Market Outlook



Avdhut Bagkar  | 
Mumbai 




The Nifty PSU Financial institution index has tumbled 48 per cent from its peak of 4,639.90, recorded simply months after its debut in 2011. The index since its inception has been on a downward trip and largely under-performed the broader market.

Additional, the index had cracked to a document low of 1,078.45 in the course of the Might 2020 Covid-19 led meltdown.



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First Printed: Wed, June 22 2022. 12:41 IST



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