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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 Nov-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
1,171 2.73% 3,53,628 1,340
12 Jul, 24
981.4
20 Nov, 23
18.07 13.52 2.15 11.47 18.11 34.66
2
Q V+ PT
1,758 2.56% 13,09,806 1,792
03 Jul, 24
1,363
14 Feb, 24
17.24 18.93 2.74 16.84 16.73 18.25
3
Q V+ PT
1,090 2.49% 82,850 1,694
15 Jan, 24
1,019
29 Oct, 24
15.34 10.20 1.28 7.20 18.44 15.99
4
Q V+ PT
849.2 2.33% 7,40,609 912.1
03 Jun, 24
555.2
22 Nov, 23
18.81 12.10 2.00 11.72 12.59 134.27
5
Q V PT
257.8 2.00% 1,30,706 298.4
03 Jun, 24
190.6
07 Nov, 23
16.91 6.82 1.03 5.36 19.33 83.80
6
Q V+ PT
103.6 1.62% 92,475 129.3
04 Jun, 24
76.31
10 Nov, 23
19.25 5.78 0.99 2.65 19.72 60.12
7
Q V+ PT
1,756 1.59% 3,43,654 1,953
23 Sep, 24
1,544
03 May, 24
15.35 20.54 3.11 16.47 18.33 22.08
8
Q V+ PT
1,296 1.53% 9,00,437 1,361
20 Sep, 24
914.8
22 Nov, 23
18.98 20.57 3.53 14.97 22.43 61.99
9
Q V+ PT
104.7 0.94% 1,19,182 142.9
30 Apr, 24
74.56
07 Nov, 23
8.48 8.24 1.01 4.76 18.30 0.00
10
Q V PT
66.30 0.68% 48,178 92.33
19 Dec, 23
59.24
28 Oct, 24
10.14 20.78 1.31 12.45 36.59 0.00
11
Q V PT
204.4 0.12% 50,072 207.5
04 Nov, 24
139.4
23 Jan, 24
15.04 12.12 1.54 10.62 16.00 19.12
12
Q V+ PT
613.4 -1.89% 46,414 813.0
08 Jan, 24
554.0
20 Mar, 24
15.52 25.51 2.91 13.73 36.31 33.19
×
×

Nifty Bank - Today's Top Gainers

Company Name CMP Price Change(%)
1,171.152.73%
1,757.952.56%
1,0902.49%
849.202.33%
257.802%

Nifty Bank - Today's Top Losers

Company Name CMP Price Change(%)
613.40-1.89%

News about Nifty Bank


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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
Canara Bank. (L) Not Good 103.6 92,475 5.78 0.99 2.65 19.25
ICICI Bank Ltd. (L) Very Good 1,296 9,00,437 20.57 3.53 14.97 18.98
State Bank Of India. (L) Very Good 849.2 7,40,609 12.10 2.00 11.72 18.81
Axis Bank Ltd. (L) Very Good 1,171 3,53,628 13.52 2.15 11.47 18.07
HDFC Bank Ltd. (L) Very Good 1,758 13,09,806 18.93 2.74 16.84 17.24

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 (%)
State Bank Of India. (L) Very Good 849.2 7,40,609 43.54
The Federal Bank Ltd. (M) Somewhat Good 204.4 50,072 42.22
Punjab National Bank. (L) Not Good 104.7 1,19,182 38.69
ICICI Bank Ltd. (L) Very Good 1,296 9,00,437 36.74
Canara Bank. (L) Not Good 103.6 92,475 31.62
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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 66.30 48,178 20.78 1.31 12.45 36.59
AU Small Finance Bank Ltd. (M) Very Good 613.4 46,414 25.51 2.91 13.73 36.31
ICICI Bank Ltd. (L) Very Good 1,296 9,00,437 20.57 3.53 14.97 22.43
Canara Bank. (L) Not Good 103.6 92,475 5.78 0.99 2.65 19.72
Bank Of Baroda. (L) Somewhat Good 257.8 1,30,706 6.82 1.03 5.36 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 849.2 7,40,609 12.10 2.00 11.72 134.3
Bank Of Baroda. (L) Somewhat Good 257.8 1,30,706 6.82 1.03 5.36 83.80
ICICI Bank Ltd. (L) Very Good 1,296 9,00,437 20.57 3.53 14.97 61.99
Canara Bank. (L) Not Good 103.6 92,475 5.78 0.99 2.65 60.12
Axis Bank Ltd. (L) Very Good 1,171 3,53,628 13.52 2.15 11.47 34.66
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