Stock price of these two PSU banks have zoomed around 150% in last 22 days

In past one month, the stock price of UCO Bank zoomed 151%, while of Punjab & Sind Bank by 147%, as compared to 23% rise in the Nifty PSU Bank index and less than 1% gain in Nifty 50.

Shares of public sector undertaking (PSU) banks were on a roll, with the market price of two lenders UCO Bank and Punjab & Sind Bank zooming over 145 per cent in past one month. In comparison, the Nifty PSU Bank index has gained 23 per cent, while the benchmark Nifty 50 was up less than 1 per cent during the period.

Among individual stocks, UCO Bank rallied 10 per cent to Rs 36.55 on the National Stock Exchange (NSE) in Thursday’s intra-day trade on back of two-fold jump in trading volumes. In past one, the stock has zoomed 151