Eight Public Sector Banks’ Stocks Hit 52-Week Highs – Shares of UCO Bank, Central Bank of India, Indian Overseas Bank, Bank of Maharashtra, Punjab & Sind Bank, Union Bank, Bank of India and Punjab National Bank touched their respective one-year highs on the Stock Market. The shares of the UCO Bank alone zoomed nearly 20 per cent, as much as 19.79% to settle at Rs 29.05 over its previous close of Rs 24.25.
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The scrip hit an intraday high — also its 52-week high — of Rs 29.10 on BSE. Technical charts hinted at a strong momentum on the counter. On a year-to-date (YTD) basis, it has ascended by 120.45 per cent.