Top Performing Banking Stocks In The Last 1 Year: Know Which Bank Tops The List
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About Nifty Bank
NIFTY Bank Index comprises the most liquid and large capitalised Indian Banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. Last the index as on the closing of October 7, 2021 ended with gains of 0.62 percent at 37753
The Index is computed using free float market capitalization method. NIFTY Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
12 constituents of Nifty Bank index
Bandhan Bank
IndusInd Bank
RBL Bank
IDFC First Bank
ICICI Bank
Federal Bank
AU Bank
PNB
SBI
Kotak Bank
Axis Bank
HDFC Bank
Top performing banking stocks with return up to 140% in the last 1-year
| Nifty Bank Constituent | LTP (in Rs.) | % change in the last one year |
|---|---|---|
| SBI | 458.8 | 139.46% |
| IndusInd Bank | 1167.55 | 87.47% |
| ICICI Bank | 701.05 | 84.2% |
| Axis Bank | 777.45 | 72.9% |
| Federal Bank | 85.45 | 65.12% |
| AU Bank | 1209 | 64.6% |
| IDFC First | 47.8 | 53.45% |
| Kotak Bank | 1953.8 | 46% |
| HDFC Bank | 1610.4 | 40.76% |
| PNB | 39.9 | 40.74% |
Outlook on Nifty Bank
There is bullishness around Nifty Bank as yesterday only Moody’s Investors Service- the US based rating agency has changed the outlook for 9 banks from ‘negative’ to ‘stable’. The banks’ which saw rating improvement include HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank, Export-Import Bank of India, State Bank of India (SBI) and Union Bank of India.
Apart from that the country’s sovereign rating on Tuesday has also been raised to ‘stable’ from ‘negative’. In trade today, Bank Nifty gained by 0.62 percent led by gains in stocks like ICICI Bank, Bandhan Bank etc.
The outperformance expected from the counters will be owing to the strong results as is being produced in the quarterly updates by the banks and non-banking financial entities. There is an anticipation that in a rising market scenario, banking stocks shall rise more and see less of a correction in declining market.
Disclaimer:
Note the above list of banking stocks in terms of last 1-year performance is collated for knowledge purpose only and is not a recommendation to buy in these shares.
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