State Bank of India, Bank of Baroda: 4 PSBs to buy for up to 15% upside

The Nifty PSU Bank index has crossed major hurdle of 2,750 and is ready to surge 5 per cent

 Shares of public sector banks (PSBs) have been relatively resilient to the recent market fall. Among individual stocks, shares of Union Bank of India, Bank of Baroda, Indian Bank, and Punjab National Bank have risen between 5 per cent and 13 per cent in the past four trading session while those of Bank of Maharashtra, State Bank of India (SBI), Canara Bank, Bank of India, and UCO Bank have gained up to 4 per cent. 

In comparison, the benchmark Nifty50 index has slipped 0.8 per cent while the Nifty PSU Bank index has gained 4.4 per cent, ACE Equity data