Investors got rich from 3.91 lakh crores this week, for aggressive investors, these 2 public sector banks have a great opportunity to earn!

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Share market Investors: If you are a stock market investor, then market experts are telling the shares of Punjab National Bank and Bank of Baroda to be undervalued.

The market closed at a record high this week.

Share Market Updates: The stock market closed sharply this week amid ups and downs. The Sensex was up 2.05 per cent on a weekly basis, while the Nifty gained 0.82 per cent on a weekly basis. Nifty is closing with a rise for four consecutive weeks and Sensex is closing with a rise for three consecutive weeks. Sensex and Nifty set a new record on Friday. Sensex closed at 52474 points and Nifty closed at 15799 points.

This week, the market capitalization (market cap) of five of the top-10 companies of the Sensex increased by Rs 1,01,389.44 crore. The total market cap of all BSE listed companies increased to Rs 231.11 lakh crore. Last week it was Rs 227.20 lakh crore. In this way, there was a total increase of 3.91 lakh crore in the wealth of investors in a week. IT sector companies Tata Consultancy Services (TCS) and Infosys were the biggest gainers. At this time most of the stocks are running at their high, so which stock should investors choose, this is an important question.

There is power left in IT and PSU banks

In a report published in the Economic Times, Sudip Bandopadhyay of Inditrade Capital said that the race for the IT sector is still pending. He said that if you are an aggressive investor, you can invest in some stocks of PSU banks. He has suggested the names of Bank of Baroda and Punjab National Bank. Both the shares are cheaper than Rs 100. Punjab National Bank closed at Rs 84.45 this week while Punjab National Bank closed at Rs 42.05.

BoB, PNB under valued now

He said that these two stocks are for aggressive investors. The market is at an all time high, but these two stocks are still undervalued. During a correction in the market, it is possible that their prices may fall but it will show a good upmove on 6-12 months of investment. One can invest in SBI as a safe stock. The strength of SBI is its subsidiary companies. There is still more momentum left in this stock.

SBI’s market cap fell

Talking about the weekly performance, in the week under review, where Reliance Industries, TCS, Infosys, Hindustan Unilever Ltd. And while the market capitalization of Bajaj Finance increased, the market valuation of HDFC Bank, HDFC, ICICI Bank, State Bank of India and Kotak Mahindra Bank declined.

TCS market cap 12.10 lakh crore

Last week, the market capitalization of TCS increased by Rs 47,551.31 crore to Rs 12,10,218.64 crore. TCS remained the biggest gainer. The market valuation of Infosys rose by Rs 26,227.28 crore to Rs 6,16,479.55 crore. During this period, the market position of Reliance Industries increased by Rs 14,200.35 crore to Rs 14,02,918.76 crore and that of Bajaj Finance increased by Rs 7,560.02 crore to Rs 3,69,327.31 crore.

Hindustan Unilever’s market cap is 5.56 lakh crore

The market valuation of Hindustan Unilever stood at Rs 5,56,041.95 crore, up by Rs 5,850.48 crore. Contrary to this trend, HDFC’s market capitalization declined by Rs 10,968.39 crore to Rs 4,61,972.21 crore and that of HDFC Bank declined by Rs 8,249.47 crore to Rs 8,20,091.77 crore.

Market cap of ICICI Bank declined

The market valuation of ICICI Bank declined by Rs 4,927.52 crore to Rs 4,40,035.66 crore and that of State Bank of India declined by Rs 3,614.47 crore to Rs 3,83,356.69 crore in the reporting week. Kotak Mahindra Bank’s market position declined by Rs 2,924.02 crore to Rs 3,55,927.86 crore.

Sensex jumps 374 points on weekly basis

Reliance Industries retained the first position in the list of top 10 companies. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, SBI, Bajaj Finance and Kotak Mahindra Bank respectively. Last week, the 30-share Sensex of BSE was up by 374.71 points or 0.71 percent.

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Bhagyashree Soni
Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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