2:41 PM

Stocks of PSU Banks on the rise today

 Stocks of public sector banks are on the rise today. At 2:42 p.m. India time, Nifty PSU Bank Index was up by more than 4%. Nifty 50 index was down by 0.18% in the day, by this time. BSE Sensex was down by 0.22%. Stocks of PSU Banks currently trade at an average Price-to-Earnings (P/E) ratio of 7.94, at NSE. This is the lowest P/E ratio among all sectoral indices at NSE. The low P/E ratio makes some of the PSU bank stocks an attractive buy proposition. The prevailing high interest rate environment also suits them. 

Invest wise with Expert advice

mobile icon
  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required