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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 Jul-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
644.1 1.71% 47,871 813.0
08 Jan, 24
554.0
20 Mar, 24
15.52 31.19 3.81 19.98 36.31 33.19
2
Q V+ PT
1,318 1.62% 4,07,319 1,340
12 Jul, 24
921.0
28 Aug, 23
18.07 16.38 2.71 13.96 18.11 34.66
3
Q V PT
195.5 1.45% 47,860 197.2
12 Jul, 24
126.5
13 Jul, 23
15.36 12.33 1.59 11.07 16.27 25.83
4
Q V+ PT
1,436 0.36% 1,11,743 1,694
15 Jan, 24
1,355
03 Aug, 23
14.54 12.49 1.79 7.48 18.60 9.65
5
Q V+ PT
859.6 0.36% 7,67,204 912.1
03 Jun, 24
543.1
26 Oct, 23
18.81 12.56 2.19 13.14 12.59 134.27
6
Q V+ PT
1,624 0.16% 12,35,825 1,792
03 Jul, 24
1,363
14 Feb, 24
17.24 19.29 2.72 13.54 16.73 18.25
7
Q V PT
78.30 0.09% 58,553 100.7
05 Sep, 23
70.55
04 Jun, 24
10.60 19.90 1.79 16.86 44.99 7.77
8
Q V+ PT
1,233 -0.56% 8,67,696 1,258
11 Jul, 24
898.9
26 Oct, 23
17.53 21.22 3.71 15.80 21.96 34.08
9
Q V+ PT
1,830 -0.77% 3,64,441 1,987
21 Jul, 23
1,544
03 May, 24
14.12 26.44 3.77 18.78 17.72 20.68
10
Q V+ PT
117.8 -1.34% 1,29,655 142.9
30 Apr, 24
58.21
13 Jul, 23
8.48 14.24 1.27 5.47 18.30 0.00
11
Q V+ PT
192.6 -2.16% 31,019 263.1
04 Jan, 24
169.4
04 Jun, 24
11.88 13.91 1.44 7.29 25.02 3.84
12
Q V PT
250.8 -2.34% 1,29,672 298.4
03 Jun, 24
185.8
16 Aug, 23
16.91 7.29 1.16 5.47 19.33 83.80
×
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Nifty Bank - Today's Top Gainers

Company Name CMP Price Change(%)
644.151.71%
1,317.801.62%
195.501.45%
1,435.950.36%
859.650.36%

Nifty Bank - Today's Top Losers

Company Name CMP Price Change(%)
250.75-2.34%
192.55-2.16%
117.75-1.34%
1,830.05-0.77%
1,232.95-0.56%

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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 859.6 7,67,204 12.56 2.19 13.14 18.81
Axis Bank Ltd. (L) Very Good 1,318 4,07,319 16.38 2.71 13.96 18.07
ICICI Bank Ltd. (L) Very Good 1,233 8,67,696 21.22 3.71 15.80 17.53
HDFC Bank Ltd. (L) Very Good 1,624 12,35,825 19.29 2.72 13.54 17.24
Bank Of Baroda. (L) Somewhat Good 250.8 1,29,672 7.29 1.16 5.47 16.91

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 117.8 1,29,655 91.87
State Bank Of India. (L) Very Good 859.6 7,67,204 45.94
The Federal Bank Ltd. (M) Somewhat Good 195.5 47,860 45.68
Axis Bank Ltd. (L) Very Good 1,318 4,07,319 38.72
ICICI Bank Ltd. (L) Very Good 1,233 8,67,696 30.66
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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 78.30 58,553 19.90 1.79 16.86 44.99
AU Small Finance Bank Ltd. (M) Very Good 644.1 47,871 31.19 3.81 19.98 36.31
Bandhan Bank Ltd. (M) Very Good 192.6 31,019 13.91 1.44 7.29 25.02
ICICI Bank Ltd. (L) Very Good 1,233 8,67,696 21.22 3.71 15.80 21.96
Bank Of Baroda. (L) Somewhat Good 250.8 1,29,672 7.29 1.16 5.47 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 859.6 7,67,204 12.56 2.19 13.14 134.3
Bank Of Baroda. (L) Somewhat Good 250.8 1,29,672 7.29 1.16 5.47 83.80
Axis Bank Ltd. (L) Very Good 1,318 4,07,319 16.38 2.71 13.96 34.66
ICICI Bank Ltd. (L) Very Good 1,233 8,67,696 21.22 3.71 15.80 34.08
AU Small Finance Bank Ltd. (M) Very Good 644.1 47,871 31.19 3.81 19.98 33.19
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