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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.

See MoneyWorks4me's rating on Quality, Valuation, Price Trend and Overall Rating to take informed stock investing decisions. Decizen:- Q: Quality, V: Valuation,PT: Price Trend

Nifty Bank companies as on Jun-2024 |
 5 Star Rated Stocks Undervalued Stocks Fair Valued Stocks Uptrend Stocks


Company Name (M.Cap)
DeciZen


CMP


Price
Change


Market
Cap (Cr)


52Week
High


52Week
Low


ROE


P/E


P/BV


EV/
EBITDA


5Y Sales
Gr.(%)


5Y Profit
Gr.(%)
More Info
1
Q V+ PT
128.9 1.86% 1,41,932 142.9
30 Apr, 24
49.70
26 Jun, 23
8.48 15.58 1.39 5.96 18.30 0.00
2
Q V+ PT
286.2 1.27% 1,48,030 298.4
03 Jun, 24
182.7
15 Jun, 23
16.91 8.32 1.32 6.06 19.33 83.80
3
Q V PT
174.3 1.19% 42,663 175.2
13 Jun, 24
120.9
26 Jun, 23
15.36 10.99 1.42 10.13 16.27 25.83
4
Q V+ PT
1,597 1.05% 12,14,965 1,758
03 Jul, 23
1,363
14 Feb, 24
17.24 18.97 2.68 13.33 16.73 18.25
5
Q V PT
78.01 0.70% 55,210 100.7
05 Sep, 23
70.55
04 Jun, 24
10.60 18.76 1.71 16.33 44.99 7.77
6
Q V PT
1,182 0.65% 3,64,752 1,242
03 Jun, 24
921.0
28 Aug, 23
7.98 14.67 2.43 13.06 18.19 96.23
7
Q V+ PT
194.3 0.08% 31,309 263.1
04 Jan, 24
169.4
04 Jun, 24
11.88 14.04 1.45 7.33 25.02 3.84
8
Q V PT
1,105 -0.20% 7,77,966 1,172
03 Jun, 24
898.9
26 Oct, 23
17.53 19.03 3.33 14.26 21.96 34.08
9
Q V PT
1,504 -0.22% 1,17,096 1,694
15 Jan, 24
1,262
23 Jun, 23
14.54 13.08 1.87 7.82 18.60 9.65
10
Q V+ PT
840.2 -0.44% 7,49,846 912.1
03 Jun, 24
543.1
26 Oct, 23
18.81 12.28 2.14 12.94 12.59 134.27
11
Q V+ PT
1,717 -0.54% 3,41,331 1,987
21 Jul, 23
1,544
03 May, 24
14.12 24.77 3.53 17.60 17.72 20.68
12
Q V+ PT
661.5 -0.97% 49,108 813.0
08 Jan, 24
554.0
20 Mar, 24
15.52 32.00 3.89 18.49 36.31 33.19
×
×

Nifty Bank - Today's Top Gainers

Company Name CMP Price Change(%)
128.901.86%
286.251.27%
174.351.19%
1,597.451.05%
78.010.70%

Nifty Bank - Today's Top Losers

Company Name CMP Price Change(%)
661.50-0.97%
1,717-0.54%
840.20-0.44%
1,503.70-0.22%
1,105.10-0.20%

News about Nifty Bank


All Indices


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 840.2 7,49,846 12.28 2.14 12.94 18.81
ICICI Bank Ltd. (L) Very Good 1,105 7,77,966 19.03 3.33 14.26 17.53
HDFC Bank Ltd. (L) Very Good 1,597 12,14,965 18.97 2.68 13.33 17.24
Bank Of Baroda. (L) Somewhat Good 286.2 1,48,030 8.32 1.32 6.06 16.91
AU Small Finance Bank Ltd. (M) Very Good 661.5 49,108 32.00 3.89 18.49 15.52

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 (%)
Punjab National Bank. (L) Not Good 128.9 1,41,932 149.3
Bank Of Baroda. (L) Somewhat Good 286.2 1,48,030 52.79
State Bank Of India. (L) Very Good 840.2 7,49,846 45.75
The Federal Bank Ltd. (M) Somewhat Good 174.3 42,663 40.15
Axis Bank Ltd. (L) Very Good 1,182 3,64,752 20.74
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Stocks with the highest revenue growth in the past 5 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 78.01 55,210 18.76 1.71 16.33 44.99
AU Small Finance Bank Ltd. (M) Very Good 661.5 49,108 32.00 3.89 18.49 36.31
Bandhan Bank Ltd. (M) Very Good 194.3 31,309 14.04 1.45 7.33 25.02
ICICI Bank Ltd. (L) Very Good 1,105 7,77,966 19.03 3.33 14.26 21.96
Bank Of Baroda. (L) Somewhat Good 286.2 1,48,030 8.32 1.32 6.06 19.33

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

Stocks with the highest profit growth in the past 5 years is:

Company Name Is it a Right Stock ? CMP Market Cap(Cr.) P/E P/BV EV/EBITDA 5Y Profit Growth (%)
State Bank Of India. (L) Very Good 840.2 7,49,846 12.28 2.14 12.94 134.3
Axis Bank Ltd. (L) Very Good 1,182 3,64,752 14.67 2.43 13.06 96.23
Bank Of Baroda. (L) Somewhat Good 286.2 1,48,030 8.32 1.32 6.06 83.80
ICICI Bank Ltd. (L) Very Good 1,105 7,77,966 19.03 3.33 14.26 34.08
AU Small Finance Bank Ltd. (M) Very Good 661.5 49,108 32.00 3.89 18.49 33.19

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