Nifty PSU Bank logs biggest weekly surge in two years; PNB, Bank of India, Bank of Baroda among top performers
Bank of India moved higher.
· LiveMint Markets
PSU banking stocks rallied for a third straight week, lifting the Nifty PSU Bank index 8% to its highest level since March. Among individual stocks, Punjab National Bank emerged as the top performer, surging 13.3% to ₹143.
The analysis
Bank of India reported ₹143, with movement of 8% and 13.3% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +1.8% on the day at ₹154.10, and has returned +6.4% over three months. It sits 13% below its 52-week high. The banks sector has moved +2.5% over the same period, so Bank of India is running 3.9 points ahead of its peers.
With Bank of India, Bank of Baroda and Punjab National Bank all implicated, this reads as a Banks-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- 3 of the 3 companies named are in Banks, so the story reads across that sector rather than for one company.
- On the day, 2 of 3 are higher: Bank of India leads at +1.8% and Bank of Baroda trails at -0.8%.
- Over three months: Bank of India +6.4% against Banks +2.5% (3.9 points ahead); Bank of Baroda +10.4% against Banks +2.5% (7.9 points ahead); Punjab National Bank +21.4% against Banks +2.5% (18.9 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Bank of IndiaBANKINDIA · Banks | ₹154.10 | +1.8% | +14.7% | +6.4% | -13.0% | 1.9× | — |
| Bank of BarodaBANKBARODA · Banks | ₹273.84 | -0.8% | +14.8% | +10.4% | -15.6% | 0.7× | — |
| Punjab National BankPNB · Banks | ₹142.81 | +0.7% | +22.5% | +21.4% | 0.0% | 1.9× | — |
Banks
1M +5.9% · 3M +2.5%
Bank of India, Bank of Baroda, Punjab National Bank
Prices as of 13 Nov 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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