PSU bank stocks are rallying, but don’t miss the red flags2 min read . Updated: 25 May 2021, 01:15 AM IST
The rally is outsized also because they were the most beaten down stocks last year when the pandemic struck. That said, with the second wave impacting the real economy, lenders cannot be expected to go unharmed
Public sector banks (PSBs) have had their best ride in the stock market since the government proposed to fix their legacy bad loan problems through a bad bank in February. The Nifty PSU Bank index has surged more than 32% since budget day, outshining the broad market and private sector peers.
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