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Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Hasn't fared well - amongst the low performers

Average profitability - not good, not bad

The Adani Group may need to reduce investments due to limited access to global capital markets. Domestic banks may also hesitate to provide new loans. The group has a substantial debt, but lenders believe they have sufficient cash reserves for repayment. Public sector banks and financial institutions hold a significant portion of the group’s debt.

Adani US Indictment: There’s enough cash to cover 30 months of debt payments

​So, I feel overall now, let us stick with that support zone of 23,500 until this zone holds, this upside could continue up to 23,800, 23,900 zone in the coming few sessions.

Sudeep Shah’s top bets from PSU Banks and realty pack

Bank Nifty index up 0.6%, public sector banks outperforming private peers, futures face resistance at 51,000.

Bank Nifty Prediction today – Nov 22, 2024: Resistance ahead, go long on a breakout

Public sector bank stocks, led by SBI, Bank of Baroda, and PNB, rebounded 2% on Friday after investor confidence returned, easing concerns over exposure to the Adani Group and boosting sentiment.

PSU bank stocks rally 2% as investor confidence returns

Indian lenders account for more than ₹88,000 crore of the Adani Group’s total debt of ₹2.41 lakh crore as of March 31, 2024, according to a group presentation. Following the Hindenburg report in January 2023, several Indian banks and financial institutions had disclosed their exposure to the Adani Group.

Heat’s now on for PSU banks with Adani Group exposure

In a bid to lift the spirits of senior executives of public sector banks (PSBs), the Finance Ministry has unveiled a performance-linked incentive (PLI) scheme.

Finance Ministry unveils PLI scheme for senior executives of public sector banks

PSU Bank Stocks Fall: Several bank stocks came under pressure amid a broad market sell-off on November 21; Here’s why

Nifty PSU Bank Index Suffers Sharpe Decline; PNB, BOB, Canara, SBI dip up to 7% - News18

PSU bank stocks, including SBI, Canara Bank, PNB, and Bank of Baroda, dropped significantly, while Adani Group shares also fell sharply after bribery and fraud charges, weakening the Indian rupee.

PSU bank stocks fall up to 7%, trail overall market weakness

The government-owned trust plans to prepare a panel of banks for investment of surplus funds in fixed deposits and has invited expressions of interest from public sector banks to invest around Rs 900 crore in fixed deposits for a period of one year.

National Skills Development Fund to invest surplus in term deposits for better returns

Public sector banks led a decline in bad loan provisions for the second consecutive quarter, with provisions falling 2.9% to ₹27,318.2 crore in the September quarter. This decline was driven by PSBs like Punjab National Bank and Central Bank of India, while private sector banks saw a 12.5% increase in provisioning.

NPA provisioning moderates in Q2 driven by PSU banks

Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs).

NPA provisioning for banks moderates in Q2 driven by PSBs

ICICI Prudential Nifty PSU Bank ETF aims to provide returns that closely correspond to the total returns of the Nifty PSU Bank Index, subject to tracking errors