Shares of public sector banks rose on the further covering of short positions by traders after the recent surge in the stocks on the announcement of government's Rs 2.11 trillion recapitalization plan. Nifty PSU Bank was up 2% at around 11:35 AM today.
Shares of Union Bank of India, Syndicate Bank, Oriental Bank of Commerce, Punjab National Bank, Canara Bank, State Bank of India, and Andhra Bank were up 2-7%.
Union Bank of India is currently trading at Rs 185.8, up by Rs 10.25 or 5.84% from its previous closing of Rs 175.55 on the BSE. The scrip opened at Rs 175 and has touched a high and low of Rs 191.5 and Rs 172.95 respectively. So far 6225967(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 12752.47 crore.
Syndicate Bank is currently trading at Rs 81.6, up by Rs 4.3 or 5.56% from its previous closing of Rs 77.3 on the BSE. The scrip opened at Rs 77.3 and has touched a high and low of Rs 82.75 and Rs 77.3 respectively. So far 6387027(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 6992.09 crore.
Punjab National Bank is currently trading at Rs 204.55, up by Rs 8.3 or 4.23% from its previous closing of Rs 196.25 on the BSE. The scrip opened at Rs 196.6 and has touched a high and low of Rs 213 and Rs 195 respectively. So far 34734816(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 41761.38 crore.
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