Stocks to buy, Feb. 20 -- The Nifty PSU bank index jumped over 1% in intraday trade on Friday, February 20, looking set to extend its weekly gains to its second consecutive week.

The index is up over 5% this week after an over 3% gain in the previous week. On a monthly scale, the Nifty PSU index has gained 7% in February so far, looking set to extend its winning streak for the sixth consecutive month. In these six months, the index has cumulatively jumped over 40%.

Nandish Shah, AVP-PCG Research and Advisory, (Fundamental) Wealth Management, Motilal Oswal Financial Services, remains constructive on the banking space.

He highlighted that the credit growth in PSU banks outpaced private sector banks, driven by MSME and retail credit.

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