Investors of the stock market earned a lot during the Corona period. Just before the lockdown, on March 24, the Sensex had reached below 26000. In the month of February, it crossed the level of 52 thousand. In this way, the Sensex rose more than 100 percent. At this time it is trading in the range of 51 thousand. Today, we are going to tell our readers about five such stocks which have given excellent record returns of up to 125 per cent in the last one year. It is likely to go up in the coming times. The interesting thing is that the price of these shares is less than 100 rupees. Most are below 50.
The stock of IDFC First Bank is currently running in the range of 65 rupees. The 52-week low is Rs 17.65 and the highest level is Rs 69.30. This stock has given a return of 21 per cent in the last one month, 73 per cent in three months and 120 per cent in a year. It is a private sector bank. Recently, Finance Minister Nirmala Sitharaman had said that private banks of the country can also join government business. Since then, sentiments towards private banks have improved. The stock of BANK OF INDIA closed at the level of 73.60 today. The 52-week low is Rs 30.40 and the highest level is Rs 101. In the last one month, it has given 25 percent, 41 months in 3 months and 100 percent in one year.
Government can put money in bank
Currently, Indian Overseas Bank, Central Bank of India, PCA rules are banned. There is a ban on giving loans on these, increase in salary and allowance of managers and fees of directors. The Ministry of Finance (Finance Ministry) has taken a major decision to improve the financial health of the weak banks under the ‘Prompt Corrective Action’ (PCA) framework of the Reserve Bank of India (RBI). The government can infuse Rs 14,500 crore in the next few days in these banks included in the PCA framework.
>> Indian Overseas Bank: Indian Overseas Bank shares closed at Rs 17.25 today. Its 52-week high is Rs 20.65. Its stock has given 57 per cent in one month and 54 in three months and 128 per cent in single year. >> Central Bank of India: The Central Bank of India stock closed today at Rs 19.15. The 52-week high is Rs 26.40 and the lowest level is Rs 10.10. In the past week, it has given 3 per cent, 37 per cent in a month, 30 per cent in three months and more than 60 per cent in 1 year. It is believed that after the March quarter, they too will be kicked out of PCA lovemaking.
The news of privatization will have a positive effect
Bank of Maharashtra The stock closed at Rs. 22.15 today. The 52-week high is Rs 27.60 and the lowest level is Rs 8. It has given a staggering 40 per cent in one month, 56 per cent in three months and 130 per cent in a year. >> Jammu and Kashmir Bank The stock closed at the level of 28.50 today. The 52-week minimum level is 11 rupees and the highest level is 33 rupees. It has given 18 per cent returns in the last three months and 94 per cent in one year. According to a report, Punjab National Bank, Union Bank, Canara Bank, Indian Bank, Bank of Baroda and SBI are currently kept away from privatization. In such a situation, the remaining six government banks are still a great option for investment. Their share prices will rise when privatization related news comes.
India overtakes Russia in terms of foreign exchange reserves, information provided by RBI data