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Nifty Bank

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Nifty Bank Index is an index comprised of 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. The index has 12 stocks from the banking sector which trade on the National Stock Exchange.

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In the table below you will find important data on Nifty Bank Companies Share prices, 52-week High and Low, PE ratio, etc. You will also get MoneyWorks4me's rating on Quality, Valuation, Price Trend and Overall Rating to assist you in taking informed stock investing decisions.Decizen:- Q: Quality, V: Valuation,PT: Price Trend

Nifty Bank companies as on Jun-2023 |
 5 Star Rated Stocks Undervalued Stocks Fair Valued Stocks Uptrend Stocks
Company Name (M.Cap) DeciZen CMP Price
Change
Market
Cap (Cr)
52W
High
52W
Low
ROE P/E P/BV EV/
EBITDA
5Y
Sales Gr(%)
5Y
Profit Gr(%)
More Info
Q V PT
578.6 -1.68% 5,25,213 629.6
15 Dec, 22
430.8
20 Jun, 22
18.05 10.46 1.75 9.21 14.11 0.00
Q V PT
1,611 0.10% 8,99,259 1,734
04 May, 23
1,272
17 Jun, 22
16.70 19.55 3.11 13.22 17.03 18.14
Q V PT
1,872 -0.77% 3,74,745 2,063
31 May, 23
1,630
30 Jun, 22
12.68 34.26 4.52 25.91 15.66 18.33
Q V PT
125.1 -0.79% 26,702 143.3
16 Jan, 23
84.00
20 Jun, 22
11.00 8.44 1.21 7.17 15.45 13.22
Q V PT
184.9 -1.33% 96,911 197.2
09 Dec, 22
89.90
20 Jun, 22
8.93 6.87 1.05 5.42 19.27 18.57
Q V PT
937.9 0.06% 6,55,478 958.0
23 May, 23
670.4
17 Jun, 22
14.99 20.55 3.33 14.31 16.91 17.03
Q V PT
1,331 2.12% 1,01,138 1,324
08 Jun, 23
763.8
23 Jun, 22
10.20 13.69 1.86 9.26 19.86 4.42
Q V PT
974.5 1.25% 2,96,358 981.2
07 Jun, 23
618.1
23 Jun, 22
12.03 30.94 2.37 12.09 12.86 22.53
Q V PT
51.37 -1.19% 57,246 62.05
15 Dec, 22
28.05
20 Jun, 22
4.18 17.10 0.61 2.14 13.92 -8.85
Q V PT
71.63 -0.79% 47,836 74.27
07 Jun, 23
28.95
22 Jun, 22
0.68 19.25 1.85 19.04 36.31 -41.25
Q V PT
256.6 -1.36% 41,906 335.5
10 Jun, 22
182.2
28 Mar, 23
0.72 19.09 2.14 8.02 29.38 -40.14
Q V PT
762.5 0.98% 50,357 795.0
29 May, 23
538.8
15 Jul, 22
16.56 35.27 4.59 26.68 32.78 4.41

News about Nifty Bank

Nifty Bank Companies

FAQs

NIFTY Bank or Bank NIFTY is an index focused solely on the banking sector. It comprises the most liquid Indian banking stocks and is the second most tracked index after the Nifty index.

The index is calculated using the free float weighted method and has twelve stocks from the banking sector. The NIFTY Bank Index has gained significance due to the high weightage of financials in the index.

The NIFTY Bank Index was launched in the year 2000. The base year is taken as January 1, 2000, and the base value is taken as 1000.

The purpose of the NIFTY Bank Index is to provide investors and market intermediaries a benchmark that captures the capital market performance of public-sector and private-sector Indian bank stocks.

Eligibility Criteria for Selection of Stocks in the Bank Nifty index:

  1. Companies should form part of NIFTY 500 at the time of review.
  2. Companies should form a part of the Banking sector.
  3. The company's trading frequency should be at least 90% in the last six months.
  4. The company should have a listing history of 6 months.
  5. Companies that are allowed to trade in F&O segment are only eligible to be constituent of the index.
  6. Final selection of 12 companies shall be done based on the free-float market capitalization of the companies.
  7. Weightage of each stock in the index is calculated based on its free-float market capitalization such that no single stock shall be more than 33% and weightage of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing

You can invest in the Bank Nifty Index through the various listed ETF like BANKBEES, ICICI Prudential Nifty Bank ETF, etc. Currently, BANKBEES are the most popular option. There are index funds for Bank Nifty.

You can use different criterias to arrive at the list of best stocks in the Nifty Bank company index. You can use return ratios like ROCE or ROE, that will help you choose companies with profitable growth.

Based on ROE, the best stocks in the Nifty Bank companies index are:

Company Name Is it a Right Stock ? CMP Market Cap(Cr.) P/E P/BV EV/EBITDA ROE
State Bank Of India. (L) Very Good 578.6 5,25,213 10.46 1.75 9.21 18.05
HDFC Bank Ltd. (L) Very Good 1,611 8,99,259 19.55 3.11 13.22 16.70
AU Small Finance Bank Ltd. (M) Very Good 762.5 50,357 35.27 4.59 26.68 16.56
ICICI Bank Ltd. (L) Very Good 937.9 6,55,478 20.55 3.33 14.31 14.99
Kotak Mahindra Bank Ltd. (L) Very Good 1,872 3,74,745 34.26 4.52 25.91 12.68

Based on the past year's gain, the best performing stocks are:

Company Name Is it a Right Stock ? CMP Market Cap(Cr.) Yearly gain (%)
IDFC First Bank Ltd. (M) Somewhat Good 71.63 47,836 108.7
Bank Of Baroda. (L) Somewhat Good 184.9 96,911 81.06
Punjab National Bank. (L) Not Good 51.37 57,246 66.63
Axis Bank Ltd. (L) Very Good 974.5 2,96,358 46.07
IndusInd Bank Ltd. (L) Very Good 1,331 1,01,138 42.61
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To select the best stocks from the Nifty Bank, you can check factors like stock returns over different time frames, the Return on Equity, the Price to Earnings (P/E) ratio, Price to Book Value (P/BV) ratio, and the company’s profitability.

Companies that have performed well fundamentally are more likely to see their stock prices gain too.

Nifty Bank Stocks with the highest revenue growth in the past five years is :

Company Name Is it a Right Stock ? CMP Market Cap(Cr.) P/E P/BV EV/EBITDA 5Y Sales Growth (%)
IDFC First Bank Ltd. (M) Somewhat Good 71.63 47,836 19.25 1.85 19.04 36.31
AU Small Finance Bank Ltd. (M) Very Good 762.5 50,357 35.27 4.59 26.68 32.78
Bandhan Bank Ltd. (M) Very Good 256.6 41,906 19.09 2.14 8.02 29.38
IndusInd Bank Ltd. (L) Very Good 1,331 1,01,138 13.69 1.86 9.26 19.86
Bank Of Baroda. (L) Somewhat Good 184.9 96,911 6.87 1.05 5.42 19.27

Companies with high profit growth often witness their stock prices gaining, irrespective of the market movements.

Nifty Bank companies that had the highest profit growth in the past five years is :

Company Name Is it a Right Stock ? CMP Market Cap(Cr.) P/E P/BV EV/EBITDA 5Y Profit Growth (%)
Axis Bank Ltd. (L) Very Good 974.5 2,96,358 30.94 2.37 12.09 22.53
Bank Of Baroda. (L) Somewhat Good 184.9 96,911 6.87 1.05 5.42 18.57
Kotak Mahindra Bank Ltd. (L) Very Good 1,872 3,74,745 34.26 4.52 25.91 18.33
HDFC Bank Ltd. (L) Very Good 1,611 8,99,259 19.55 3.11 13.22 18.14
ICICI Bank Ltd. (L) Very Good 937.9 6,55,478 20.55 3.33 14.31 17.03

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