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Stock below Rs 50: Keep an eye on this multi-bagger PSU stock which gave a return of more than 120 per cent Stock below Rs 50: Keep an eye on this multi-bagger PSU stock which gave a return of more than 120 per cent

Stock below Rs 50: Keep an eye on this multi-bagger PSU stock which gave a return of more than 120 per cent

The company has provided multi-bagger returns of 122.28 per cent in just 1 month, while the BSE Sensex has only increased by 1.44 per cent in 1 month.

Kiran Shroff 1 46226 Article rating: 4.1

The stock has made consecutive 52-week high levels over the past five trading sessions.

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This PSU bank stock witnesses cup pattern breakout before Union Budget This PSU bank stock witnesses cup pattern breakout before Union Budget

This PSU bank stock witnesses cup pattern breakout before Union Budget

As the stock is trading at a 29-month high, it is also trading above its important short as well as long-term moving averages.

Karan Dsij 0 1495 Article rating: 4.5

One such sector was Nifty PSU Bank, which gained as much as 16.45 per cent and emerged as the top-performing sector of the month. Interestingly, all the stocks of this sector have managed to deliver positive returns in the month of January. However, one stock that commands special attention is 

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Nifty PSU Bank: Bank of Baroda emerges as the top-performing PSU bank stock in January so far Nifty PSU Bank: Bank of Baroda emerges as the top-performing PSU bank stock in January so far

Nifty PSU Bank: Bank of Baroda emerges as the top-performing PSU bank stock in January so far

Furthermore, Nifty PSU Bank is amongst the few sectors, which are trading above its 20-DMA.

Karan Dsij 0 1242 Article rating: 4.8

Amidst all this, there is one sector that has delivered a mouthwatering gain of over 7.5 per cent on an MTD basis and it is amongst the top-performing sector for the month of January 2022.

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