Canara Bank Among 3 PSU Bank Stocks That Touched Their New 52-Week High

As benchmark index Sensex shed 221 points to 66,009.15 in trade on Friday, three PSU bank stocks hit 52-week high. These bank stocks are Canara Bank, Indian Bank, and Union Bank of India. Indian Bank shares and Union Bank of India shares offered multibagger returns to investors in last 1-year only. Check details below:

1. Canara Bank: Last trading price of Canara Bank share on BSE is Rs 382.85 per share with intraday gain of 5.12% as on September 22, 2023. Its 52-week high price is Rs 385.85 per share and 52-week low price is Rs 207.45 apiece, respectively. The company has a market capitalisation of Rs 69,453.98 crore. Canara Bank shares fell 2.70% in last 1-week, gained 12% in last 1-year, and offered a return of 74% in last 3-years. In last 10-years, Canara Bank stock offered return of 225% to shareholders. Canara Bank shares traded 52-week high on Friday and saw spurt in volume by 1.47 times.

2. Indian Bank: The stock's last trading price is Rs 420.80 per share on BSE. Indian Bank shares rallied 52-week high level on Friday and defied weak market trends. Its 52-week high price is Rs 434.40 per share and 52-week low price is Rs 183.75 per share, respectively. Its market cap is Rs 52,408.16 crore. Indian Bank share soared 53% in last 6-months, gained 108% in last 1-year, and offered return of 644% in last 3-years.

3. Union Bank of India: Last trading price of Union Bank of India share is Rs 101.83 per share with intraday gain of 5.64%. The stock hit its 52-week high value on September 22, 2023. Union Bank of India has a market capitalisation of Rs 75,480.96 crore. Union Bank of India stock offered shareholders return of 122% in last 1-year, gained 190% in last 2-years, and soared 299% in last 3-years. In last 6-months, Union Bank of India stock jumped 55%.