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Recent Big Buys

Top deal-making stocks

Most insider traded stocks

Leading investors

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Can be considered moderately valued vs the market

Lagging behind the market in financials growth

Average profitability - not good, not bad

The stock has a moderate number of red flags

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

The Central government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country’s markets regulator.

Central Govt plans minority stake sale in 4 PSU banks, source says

The Indian government is considering selling minority stakes in four state-run banks, including Central Bank of India and Punjab and Sind Bank, to meet public shareholding norms. The government may sell the stakes through an offer for sale in the open market, with the timing and size of the sale dependent on market conditions.

Govt plans minority stake sale in 4 PSU banks: Report

In a rare instance, the Reserve Bank of India (RBI) made certain adverse observations against Pandey, and it wanted the Department of Financial Services (DFS) to “factor” them in while considering his appointment as CEO, ET reported July 13. The RBI’s observations had to do with Pandey’s “conduct” and were not related to any vigilance case.

FSIB to interview CEO candidates for four PSU banks

Public sector banks are attracting investors, with Bank of Baroda (BoB) standing out for its strong growth and asset quality. Since January 2023, BoB’s stock has risen 32%, yet remains undervalued at a P/B of 0.92 times. Key metrics like RoE (19.2%) and GNPA (2.5%) highlight its improvement, narrowing the gap with SBI, which trades at a higher P/B of 1.5x. A conservative P/B of 1.1-1.2x implies a 21%-33% upside, targeting ₹290-₹320. Despite challenges like rising deposit costs and stress in personal loans, BoB’s solid fundamentals and management actions support a positive long-term outlook.

How Should Investors Play Bank of Baroda?

Bank Nifty index rises 0.9%, with PSU banks leading the gains; futures may face resistance at 51,000.

Bank Nifty Prediction today – Nov 14, 2024: Short on a rally

Mirae Asset Nifty PSU Bank ETF aims to track the performance of the Nifty PSU Bank Index, focusing on public sector banks.