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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 Mar-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
575.6 0.93% 38,161 813.0
08 Jan, 24
548.1
24 Mar, 23
15.52 24.02 3.16 14.68 36.31 33.19
2
Q V PT
733.5 0.38% 6,52,121 793.5
07 Mar, 24
501.9
27 Mar, 23
18.05 11.43 1.91 10.02 14.11 0.00
3
Q V PT
147.8 0.31% 35,893 166.7
19 Feb, 24
120.9
26 Jun, 23
15.36 9.29 1.25 8.63 16.27 25.83
4
Q V PT
255.2 0.29% 1,31,611 285.5
11 Mar, 24
155.8
20 Mar, 23
15.33 7.45 1.18 5.78 21.65 0.00
5
Q V+ PT
120.3 0.25% 1,32,187 133.0
11 Mar, 24
44.41
28 Mar, 23
3.32 17.33 1.32 4.99 18.18 0.00
6
Q V PT
181.8 0.19% 29,231 272.0
01 Jun, 23
173.4
14 Mar, 24
11.88 9.80 1.36 7.07 25.02 3.84
7
Q V PT
78.00 0.12% 55,078 100.7
05 Sep, 23
52.11
28 Mar, 23
10.60 18.20 1.75 16.55 44.99 7.77
8
Q V PT
1,079 -0.18% 7,59,122 1,113
06 Mar, 24
825.0
20 Mar, 23
17.53 19.31 3.41 14.23 21.96 34.08
9
Q V PT
1,478 -0.19% 1,15,256 1,694
15 Jan, 24
990.2
20 Mar, 23
14.54 13.33 1.92 7.84 18.60 9.65
10
Q V+ PT
1,443 -0.20% 10,98,624 1,758
03 Jul, 23
1,363
14 Feb, 24
17.24 18.61 2.51 13.76 16.73 18.25
11
Q V+ PT
1,733 -0.23% 3,45,352 2,063
31 May, 23
1,667
29 Feb, 24
14.12 26.27 3.74 18.58 17.72 20.68
12
Q V PT
1,058 -0.34% 3,27,506 1,152
05 Dec, 23
825.5
20 Mar, 23
7.98 27.28 2.29 12.52 18.19 96.23
×
×

Today's Top Gainers

Company Name CMP Price Change(%)
575.600.93%
733.500.38%
147.850.31%
255.250.29%
120.350.25%

Today's Top Losers

Company Name CMP Price Change(%)
1,057.70-0.34%
1,733.30-0.23%
1,443.30-0.20%
1,478.10-0.19%
1,079.25-0.18%

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 733.5 6,52,121 11.43 1.91 10.02 18.05
ICICI Bank Ltd. (L) Very Good 1,079 7,59,122 19.31 3.41 14.23 17.53
HDFC Bank Ltd. (L) Very Good 1,443 10,98,624 18.61 2.51 13.76 17.24
AU Small Finance Bank Ltd. (M) Very Good 575.6 38,161 24.02 3.16 14.68 15.52
The Federal Bank Ltd. (M) Somewhat Good 147.8 35,893 9.29 1.25 8.63 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 120.3 1,32,187 150.4
Bank Of Baroda. (L) Somewhat Good 255.2 1,31,611 59.06
IndusInd Bank Ltd. (L) Very Good 1,478 1,15,256 45.13
IDFC First Bank Ltd. (M) Somewhat Good 78.00 55,078 41.12
State Bank Of India. (L) Very Good 733.5 6,52,121 38.08
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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 78.00 55,078 18.20 1.75 16.55 44.99
AU Small Finance Bank Ltd. (M) Very Good 575.6 38,161 24.02 3.16 14.68 36.31
Bandhan Bank Ltd. (M) Very Good 181.8 29,231 9.80 1.36 7.07 25.02
ICICI Bank Ltd. (L) Very Good 1,079 7,59,122 19.31 3.41 14.23 21.96
Bank Of Baroda. (L) Somewhat Good 255.2 1,31,611 7.45 1.18 5.78 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 1,058 3,27,506 27.28 2.29 12.52 96.23
ICICI Bank Ltd. (L) Very Good 1,079 7,59,122 19.31 3.41 14.23 34.08
AU Small Finance Bank Ltd. (M) Very Good 575.6 38,161 24.02 3.16 14.68 33.19
The Federal Bank Ltd. (M) Somewhat Good 147.8 35,893 9.29 1.25 8.63 25.83
Kotak Mahindra Bank Ltd. (L) Very Good 1,733 3,45,352 26.27 3.74 18.58 20.68

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