Shares of Punjab & Sind Bank rose 10% intraday on the BSE on Tuesday amid large transactions, reaching a high of nearly four years at Rs 40.75. Public sector undertaking (PSU) bank stock increased in price for a fourth straight day, rising 42% then. It has increased by 96% in the last nine trading days from Rs 20.80 on November 30.
Compared to a 1% increase in the S&P BSE Sensex during the past month, the stock price of Punjab & Sind Bank has soared by 125%. The stock reached the highest price it had seen since February 2018. Up to 9:57 AM, 15 million shares of the counter were traded on the NSE and BSE, which indicates significant trading activity.
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