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Names like your PNB, Bank of Baroda, Union Bank, all of these are participating. And if you recall, the earlier run-up in the Bank Nifty was also led by PSU banks. And it is these PSU banks which start the rally and then the rally trickles down to the larger private sector banks, which leads the Bank Nifty higher. ....
Thirty-three Indian stocks have more than doubled investors wealth in H1 2023. As of H1, the benchmark S&P BSE Sensex has given a 3.5% return, but a majority of the multibagger stocks identified come from the midcap and small-cap categories. Among the 33 stocks, six each are from the capital goods and information technology sectors, and over 100 stocks have beaten the benchmark by between 50-100%. Money managers recommend that investors continue to look for value buys from a long-term perspective. ....