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2 Large PSU Stocks Double Investors Wealth, Shares Soar Over 140% In 30 Days: Do You Own?
2 large public sector banks are riding high as the stocks of both have gained over 144% in just last 30 days. These two banks are Indian Overseas Bank and UCO bank. Shares of UCO Bank and IOB also hit their new 52-week high in trade today. UCO Bank has nearly doubled investors wealth in just last 30-days. Check key takeaways below:
1. UCO Bank
Shares of UCO Bank have gained 144% in just last 30-days and 201% in last 3-months. The stock has rallied 173% in last 1-year and 116% in last 3-years.
The stock was priced Rs 14 apiece on November 16, 2022 and today (December 16, 2022) the last trading price of the stock is Rs 36 apiece. The stock also hit its new 52-week high today when it touched Rs 38 apiece. The stock has a market capitalisation of Rs 43,519 crore.
The 52-week high of the stock is Rs 38 apiece and 52-week low is Rs 10 apiece. The last trading price of the stock is Rs 36 apiece today with an intraday gain of 2.39%.
Founded in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent professionals like accountants, management experts, economists, businessmen, etc, according to its official website.
2. Indian Overseas Bank
The last trading price of the public sector bank is Rs 33 apiece with an intraday decline of 3.74% as of December 16, 2022. Shares of the bank have surged 29% in last 1-week, 66% in last 1-month, and 81% in last 3-months.
In last 1-year, the stock has jumped 58% and in last 3 yeats, the stock soared 225%. The stock has jumped 47% in last 5-years.
The last trading price of the stock is Rs 20 apiece on November 16, 2022 and today the last trading price is Rs 33 apiece. The banking stock hit its new 52-week high intraday when it touched Rs 36.70 apiece. The stock's 52-week low is Rs 15 apiece. The bank has a market capitalisation of Rs 63,228 crore.
Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. It has about 3,214 domestic branches, about 4 foreign branches and representative office, according to its official website.
Disclaimer
The stocks give details about return of the two banking stocks in last 30 days. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
