The study analyses 14 different variables of firm-specific financial indicators, regulatory and liquidity measures, and macroeconomic determinants that influence the share price of Indian public sector banks. Using the data from 2016 to 2025 by employing balanced panel data of fixed-effects and random-effect models. The Hausman test confirms the appropriateness of the fixed-effect model. The results indicate that BVPS and SIZE have a strong positive impact on share price, whereas Bank age shows a negative association. However, monetary policy variables have a significant influence on valuation, while EPS, NIM, CAR, and other macroeconomic variables are found to be insignificant. The finding offers important implications for regulators and policymakers to enhance market confidence and long-term valuation of Indian public sector banks.