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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 Sep-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
591.3 0.31% 5,26,106 629.6
15 Dec, 22
499.4
01 Feb, 23
18.05 8.62 1.66 8.02 14.11 0.00
Q V PT
1,527 0.02% 11,57,639 1,758
03 Jul, 23
1,365
30 Sep, 22
17.24 23.73 3.75 16.47 16.73 18.25
Q V+ PT
1,758 -0.43% 3,50,835 2,063
31 May, 23
1,644
14 Mar, 23
14.12 28.48 4.06 20.82 17.72 20.68
Q V PT
149.8 -0.43% 35,380 151.4
27 Sep, 23
111.0
29 Sep, 22
15.36 10.37 1.36 9.02 16.27 25.83
Q V PT
215.2 0.19% 1,11,055 219.6
18 Sep, 23
124.0
28 Sep, 22
15.33 6.94 1.08 5.24 21.65 0.00
Q V PT
940.6 -0.27% 6,60,496 1,009
24 Jul, 23
796.1
30 Jan, 23
17.53 19.07 3.19 13.44 21.96 34.08
Q V PT
1,435 -0.09% 1,11,647 1,476
20 Sep, 23
990.2
20 Mar, 23
14.54 14.11 1.98 7.96 18.60 9.65
Q V PT
1,035 0.99% 3,15,911 1,047
20 Sep, 23
706.0
28 Sep, 22
7.98 28.08 2.41 12.47 18.19 96.23
Q V PT
81.77 0.31% 89,762 81.85
27 Sep, 23
34.25
29 Sep, 22
3.32 20.36 0.94 3.47 18.18 0.00
Q V+ PT
98.10 0.52% 65,604 100.7
05 Sep, 23
46.10
28 Sep, 22
10.60 24.02 2.46 20.37 44.99 7.77
Q V+ PT
256.4 1.38% 40,748 275.7
07 Oct, 22
182.2
28 Mar, 23
11.88 20.08 2.01 8.51 25.02 3.84
Q V+ PT
739.8 -0.80% 49,816 795.0
29 May, 23
548.1
24 Mar, 23
15.52 32.20 4.40 21.74 36.31 33.19
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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 591.3 5,26,106 8.62 1.66 8.02 18.05
ICICI Bank Ltd. (L) Very Good 940.6 6,60,496 19.07 3.19 13.44 17.53
HDFC Bank Ltd. (L) Very Good 1,527 11,57,639 23.73 3.75 16.47 17.24
AU Small Finance Bank Ltd. (M) Very Good 739.8 49,816 32.20 4.40 21.74 15.52
The Federal Bank Ltd. (M) Somewhat Good 149.8 35,380 10.37 1.36 9.02 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 81.77 89,762 121.5
IDFC First Bank Ltd. (M) Somewhat Good 98.10 65,604 105.7
Bank Of Baroda. (L) Somewhat Good 215.2 1,11,055 68.37
Axis Bank Ltd. (L) Very Good 1,035 3,15,911 39.03
The Federal Bank Ltd. (M) Somewhat Good 149.8 35,380 31.45
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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 98.10 65,604 24.02 2.46 20.37 44.99
AU Small Finance Bank Ltd. (M) Very Good 739.8 49,816 32.20 4.40 21.74 36.31
Bandhan Bank Ltd. (M) Very Good 256.4 40,748 20.08 2.01 8.51 25.02
ICICI Bank Ltd. (L) Very Good 940.6 6,60,496 19.07 3.19 13.44 21.96
Bank Of Baroda. (L) Somewhat Good 215.2 1,11,055 6.94 1.08 5.24 21.65

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 1,035 3,15,911 28.08 2.41 12.47 96.23
ICICI Bank Ltd. (L) Very Good 940.6 6,60,496 19.07 3.19 13.44 34.08
AU Small Finance Bank Ltd. (M) Very Good 739.8 49,816 32.20 4.40 21.74 33.19
The Federal Bank Ltd. (M) Somewhat Good 149.8 35,380 10.37 1.36 9.02 25.83
Kotak Mahindra Bank Ltd. (L) Very Good 1,758 3,50,835 28.48 4.06 20.82 20.68

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