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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 Feb-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
208.4 2.36% 33,572 272.0
01 Jun, 23
182.2
28 Mar, 23
11.88 11.25 1.56 7.72 25.02 3.84
2
Q V PT
82.83 2.03% 58,545 100.7
05 Sep, 23
52.11
28 Mar, 23
10.60 19.34 1.86 17.12 44.99 7.77
3
Q V PT
599.7 1.08% 40,113 813.0
08 Jan, 24
548.1
24 Mar, 23
15.52 25.25 3.32 15.48 36.31 33.19
4
Q V+ PT
1,421 0.08% 10,79,287 1,758
03 Jul, 23
1,363
14 Feb, 24
17.24 18.28 2.47 13.54 16.73 18.25
5
Q V+ PT
1,725 -0.10% 3,42,872 2,063
31 May, 23
1,644
14 Mar, 23
14.12 26.09 3.71 18.45 17.72 20.68
6
Q V PT
1,061 -0.23% 7,44,850 1,070
23 Feb, 24
810.5
16 Mar, 23
17.53 18.95 3.35 13.98 21.96 34.08
7
Q V PT
1,482 -0.51% 1,15,303 1,694
15 Jan, 24
990.2
20 Mar, 23
14.54 13.34 1.92 7.85 18.60 9.65
8
Q V PT
1,093 -0.70% 3,38,622 1,152
05 Dec, 23
814.2
16 Mar, 23
7.98 28.21 2.37 12.83 18.19 96.23
9
Q V+ PT
128.0 -0.78% 1,40,941 132.6
16 Feb, 24
44.41
28 Mar, 23
3.32 18.47 1.41 5.34 18.18 0.00
10
Q V PT
152.4 -0.78% 37,102 166.7
19 Feb, 24
120.9
26 Jun, 23
15.36 9.60 1.29 8.84 16.27 25.83
11
Q V+ PT
759.4 -0.86% 6,77,735 777.5
21 Feb, 24
501.9
27 Mar, 23
18.05 11.87 1.99 10.30 14.11 0.00
12
Q V+ PT
268.9 -2.47% 1,39,058 280.9
16 Feb, 24
153.6
27 Feb, 23
15.33 7.87 1.25 6.02 21.65 0.00
×
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Today's Top Gainers

Company Name CMP Price Change(%)
208.402.36%
82.832.03%
599.701.08%
1,420.900.08%

Today's Top Losers

Company Name CMP Price Change(%)
268.90-2.47%
759.40-0.86%
152.40-0.78%
128-0.78%
1,093-0.70%

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 759.4 6,77,735 11.87 1.99 10.30 18.05
ICICI Bank Ltd. (L) Very Good 1,061 7,44,850 18.95 3.35 13.98 17.53
HDFC Bank Ltd. (L) Very Good 1,421 10,79,287 18.28 2.47 13.54 17.24
AU Small Finance Bank Ltd. (M) Very Good 599.7 40,113 25.25 3.32 15.48 15.52
The Federal Bank Ltd. (M) Somewhat Good 152.4 37,102 9.60 1.29 8.84 15.36

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 128.0 1,40,941 165.6
Bank Of Baroda. (L) Somewhat Good 268.9 1,39,058 72.87
IDFC First Bank Ltd. (M) Somewhat Good 82.83 58,545 53.96
State Bank Of India. (L) Very Good 759.4 6,77,735 45.81
IndusInd Bank Ltd. (L) Very Good 1,482 1,15,303 37.80
View More

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 82.83 58,545 19.34 1.86 17.12 44.99
AU Small Finance Bank Ltd. (M) Very Good 599.7 40,113 25.25 3.32 15.48 36.31
Bandhan Bank Ltd. (M) Very Good 208.4 33,572 11.25 1.56 7.72 25.02
ICICI Bank Ltd. (L) Very Good 1,061 7,44,850 18.95 3.35 13.98 21.96
Bank Of Baroda. (L) Somewhat Good 268.9 1,39,058 7.87 1.25 6.02 21.65

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 (%)
Axis Bank Ltd. (L) Very Good 1,093 3,38,622 28.21 2.37 12.83 96.23
ICICI Bank Ltd. (L) Very Good 1,061 7,44,850 18.95 3.35 13.98 34.08
AU Small Finance Bank Ltd. (M) Very Good 599.7 40,113 25.25 3.32 15.48 33.19
The Federal Bank Ltd. (M) Somewhat Good 152.4 37,102 9.60 1.29 8.84 25.83
Kotak Mahindra Bank Ltd. (L) Very Good 1,725 3,42,872 26.09 3.71 18.45 20.68

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