5 undervalued PSU Banks which gave more than 50% return in 2022

5 PSU Banks which are undervalued or their Price to Book value is less than 1 and gave more than 50% return in 2022

After a big rally in the stock prices of these 5 PSU banks, there was some correction in the last week. Let’s check these...

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Central Bank (CMP-32.35) Price to Book value – 0.95 Return in 1 week – -8.28% Return in 1 month – 26.77% Return in 1 Year – 51.68%

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Indian bank (CMP-289.10) Price to Book value – 0.78 Return in 1 week – -0.62% Return in 1 month – 6.34% Return in 1 Year – 107.16%

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Canara Bank (CMP-306.30) Price to Book value – 0.78 Return in 1 week – -4.20% Return in 1 month – -6.81% Return in 1 Year – 52.34%

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Union Bank of India (CMP-82.35) Price to Book value – 0.74 Return in 1 week – -5.70% Return in 1 month – 4.90% Return in 1 Year – 84.91%

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Bank of India (CMP-86.60) Price to Book value – 0.64 Return in 1 week – -2.89% Return in 1 month – 6.91% Return in 1 Year – 70.14%

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South Indian Bank (CMP-18.00) Price to Book value – 0.59 Return in 1 week – -5.01% Return in 1 month – 11.46% Return in 1 Year – 103.39%

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