Do you hold these bank stocks that outperformed in the month of October?
Early on in the trading session, the domestic equities barometers were marginally down.
Early on in the trading session, the domestic equities barometers were marginally down. The Nifty traded over the 18,100-point mark. As pharma, healthcare and IT shares fell, PSU banks, banks and auto companies gained popularity.
Today, Bank of Baroda increased 8.79 per cent to trade at Rs 157.25. The S&P BSE PSU index is now trading at 9,832.36 after rising 4.02 per cent. Over the previous month, the index has increased by almost 10 per cent. Compared to the benchmark Sensex's 2.92 per cent increase, the S&P BSE PSU index has increased by about 19 per cent year to date.
State Bank of India (SBI) saw a 4.06 per cent increase after reporting a 73.93 per cent increase in standalone net profit to Rs 13,264.52 crore in Q2 FY23 over Q2 FY22, on the basis of a 14.22 per cent increase in total income to Rs 88,733.86 crore.
The following are the top performing banking stocks in the month of October: