PSU Bank Stocks To Buy in 2024: From SBI to PNB - Check share price target

Best PSU Bank Stocks To Buy in 2024, PNB Share Price Target, SBI Share Price Target: Public Sector Banks (PSBs) or PSU banks have seen a remarkable turnaround - from record losses to record profits. According to brokerage firm Motilal Oswal, the aggregate earnings of PSBs crossed the approximately one trillion mark in FY24. 

According to the firm, the Nifty PSU Bank Index has delivered 162 per cent returns since March 2022. This is much more than the 24 per cent returns of the Nifty Private Bank index over the same period.

"The PSU rally has been sharp and the sector has seen significant re-rating, the stock valuations still look reasonable in context to business growth and profitability," it said.

PSU Bank Stocks To Buy in 2024

Check out the list of the best five PSU Bank stocks that Motilal Oswal suggests investors buy and also the share price target of 2024. 

PSU Bank Stocks To Buy in 2024: State Bank of India (SBIN)

The brokerage firm has given a 'Buy' rating with a target price of Rs 860. 

PSU Bank Stocks To Buy in 2024: Bank of Baroda (BANKBARODA)

Rating - Buy
Target Price - Rs 310

PSU Bank Stocks To Buy in 2024: Canara Bank (CANBK)

Rating - Buy
Target Price - Rs 650

PSU Bank Stocks To Buy in 2024: Union Bank of India (UNIONBANK)

Rating - Buy
Target Price - Rs 175

PSU Bank Stocks To Buy in 2024: Indian Bank (INDIANB)

Rating - Buy
Target Price - Rs 600