Investing in the stock market carries risks, but it’s these very risks that are turning investors into winners.
When we look at the performance of public sector bank stocks over the past year, they have delivered returns of up to 250 percent.
In contrast, those who opted for safer investments like fixed deposits (FDs) in these banks would have earned only 6 to 7 percent returns during the same period.
Adjusted for inflation, the value of their Rs 1 lakh investment remains essentially unchanged.
Bank of Baroda: A 55% Return
Over the past year, Bank of Baroda’s shares have surged by more than 55 percent, closing at Rs 214.75 on Wednesday.
This means that an investment of Rs 1 lakh turned into Rs 155,000 in just one year.
Bank of India: 112% Returns
Bank of India also had an impressive year with returns of 112 percent. A one lakh rupee investment grew to 2.12 lakhs in a year as the stock closed at Rs 108.45 on Wednesday.
Bank of Maharashtra: 154.89% Gain
Bank of Maharashtra’s shares yielded substantial returns, surging by 154.89 percent in a year, reaching Rs 47.41. An initial investment of Rs 1 lakh became Rs 2.54 lakh in just 12 months.
Canara Bank: A 51.24% Surge
Canara Bank provided investors with a solid return of 51.24 percent over the past year.
This means their money grew by more than one and a half times in just one year, with the stock closing at Rs 374.25 on Wednesday.
Central Bank of India: Over 133% Growth
Shares of Central Bank of India recorded a remarkable increase of over 133 percent in one year, reaching Rs 50.59.
Indian Bank: 111% Return
Indian Bank delivered a strong return of 111 percent during this period, with its stock price at Rs 431.60.
IOB: Doubling Wealth in a Year
IOB turned Rs 1 lakh into Rs 2.37 lakh in one year, with one share priced at Rs 44.98 before market opening today.
Punjab National Bank: 103% Increase
Punjab National Bank doubled the wealth of its investors in just one year, offering a return of 103 percent.
Punjab and Sindh Bank: 181.96% Growth
Punjab and Sindh Bank surprised with a substantial return of 181.96 percent, with its shares now at Rs 45.96.
SBI: Lowest Returns, UCO Bank: Highest Returns
UCO Bank delivered the highest return among public sector banks, growing investors’ wealth by almost three and a half times in a year, with a 246.49 percent return and a share price of Rs 43.
In contrast, India’s largest government bank, SBI, offered the lowest return of 3.13 percent during this period, with a share price of Rs 589.50.
Union Bank also performed well, giving a return of 122.50 percent in just one year, with a share price of Rs 102.35.
