IOB, PSB, UCO Bank, and Central Bank are in focus. SEBI analyst Mayank Singh Chandel noted that the government owns between 89% and 95% of these four PSU banks and since SEBI's norms say that no promoter should own more than 75%, these banks will raise fresh capital. However, the technical charts are flashing weak signals.
short by
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12:42 pm on
18 Sep