SBI, BoB, Canara Bank shares aim for new highs this June; can it happen?

The Nifty PSU Bank index has surged 30% from its March low, with 7 out of 12 bank stocks up more than 25%. Here's a technical outlook on key bank stocks - SBI, Bank of Baroda and Canara Bank.

Shares of state-run banks have witnessed a stellar rally on the BSE and the NSE in the last four months. The Nifty PSU Bank index from a low of 5,530 in February 2025 has surged to a high of 7,179 in intra-day trades today, June 03, 2025 - thus registering a solid gain of 29.8 per cent or 1,649 points.  In comparison, the National Stock Exchange (NSE) benchmark - the Nifty 50 index has advanced 13.1 per cent or 2,880 points from its February low till date.  Data from ACE Equity shows that 7 out of 12 constituents