Stock of this PSU bank has nearly doubled in just nine trading sessions

Punjab & Sind Bank trading higher for the fourth straight day, surging 42 per cent during the period, and quoted at its highest level since February 2018.

Shares of Punjab & Sind Bank hit an over four-year high at Rs 40.75, as they rallied 10 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes. The stock of public sector undertaking (PSU) bank traded higher for the fourth straight day, surging 42 per cent during the period. In the past nine trading days, it has zoomed 96 per cent from Rs 20.80 on November 30.

In the past one month, the stock price of Punjab & Sind Bank has skyrocketed 125 per cent, as compared to 1 per cent rise in the S&P BSE