These 5 PSU bank stocks are trading near their face value. Here's why

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 These 5 PSU bank stocks are trading near their face value. Here's why

Five out of 12 public sector banks are trading near the face value of their equity shares on bourses regardless of a rally in stock benchmark indices, according to an analysis.

Shares of state-run Indian Overseas Bank are even trading below the face value of Rs 10 per share. The stock closed at Rs 9.27 on Friday at BSE when the benchmark index Sensex closed at 40,509.

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