State Bank of India
The nation's largest bank, State Bank of India saw its price fall to a one-year low of Rs 1751.70 on Friday, as investors hammered PSU banking stocks, after poor results from PNB. The share price looks extremely attractive at the current levels.
Tata Steel slumped to a 52-week low of Rs 216.65 on Friday, as investors sold metal and banking stocks. The share had seen a 52-week high of Rs 448 in Jan and has almost halved since then.
Punjab National Bank
Punjab National Bank has seen its share price slump to Rs 583, after the company declared results on Friday. Its gross and non performing assets were worse then expected, which saw its share price hit the 52-week mark. Again, the stock looks attractively valued at current levels.
Infrastructure financier, IDFC saw its share hit a 52-week low of Rs 114.70 on Friday. Sentiments for banking and financial stocks were weak following the RBI measures to tighten liquidity.
Jindal Steel and Power plunged to a year's low of Rs 182 on Friday. Again, sentiments for metal stocks have been bearish as economic growth in the country remains weak. Sentiments for the sector are unlikely to turn anytime soon, though most of the stocks look attractively valued.