For the ninth straight day, the Central Bank of India rose 5.93% to Rs 35.75. The stock has added 45.62% in the recent trade close of Rs 24.55 on 30 November 2022.

On a year-to-date (YTD) basis, the stock has gained 68.24%, while the benchmark Sensex has added 7.26% during the second quarter.

As per the chart, the stock is trading above its 50-day simple moving average (SMA), placed at 23.19,
The 100-day simple moving average (SMA) placed at 21.17, and the 200-day simple moving average (SMA) placed at 19.71.

Under this public sector bank, the GOI’s stake is 93.08%. On a consolidated basis, the net profit jumps by 27.26% to Rs 318.17 crore on an 8.24% increase in total income to Rs 7,064.96 crore in the second quarter of FY23 over the second quarter of FY22.