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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 Dec-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
1,286 -0.12% 9,08,015 1,361
20 Sep, 24
970.0
18 Jan, 24
18.98 20.74 3.56 15.09 22.43 61.99
2
Q V+ PT
1,744 -1.04% 3,46,648 1,953
23 Sep, 24
1,544
03 May, 24
15.35 20.72 3.13 16.62 18.33 22.08
3
Q V+ PT
1,772 -1.19% 13,55,214 1,880
09 Dec, 24
1,363
14 Feb, 24
17.24 19.59 2.83 17.25 16.73 18.25
4
Q V+ PT
536.8 -2.18% 39,945 813.0
08 Jan, 24
534.0
20 Dec, 24
15.52 21.95 2.50 11.85 36.31 33.19
5
Q V PT
812.5 -2.44% 7,25,125 912.1
03 Jun, 24
600.7
23 Jan, 24
18.81 11.12 1.85 10.47 12.59 134.27
6
Q V PT
100.7 -2.71% 1,15,734 142.9
30 Apr, 24
84.79
21 Dec, 23
8.48 8.00 0.98 4.63 18.30 0.00
7
Q V+ PT
99.65 -3.16% 90,389 129.3
04 Jun, 24
82.66
21 Dec, 23
19.25 5.65 0.97 2.58 19.72 60.12
8
Q V PT
240.3 -3.20% 1,24,268 298.4
03 Jun, 24
214.8
21 Dec, 23
16.91 6.49 0.98 5.16 19.33 83.80
9
Q V PT
1,072 -3.28% 3,31,811 1,340
12 Jul, 24
996.0
19 Apr, 24
18.07 12.69 2.01 10.93 18.11 34.66
10
Q V PT
194.1 -3.43% 47,621 216.9
05 Dec, 24
139.4
23 Jan, 24
15.04 11.53 1.46 10.21 16.00 19.12
11
Q V+ PT
930.0 -3.53% 72,452 1,694
15 Jan, 24
927.0
20 Dec, 24
15.34 8.92 1.12 6.53 18.44 15.99
12
Q V PT
61.72 -5.21% 45,178 89.60
17 Jan, 24
59.24
28 Oct, 24
10.14 19.49 1.23 12.02 36.59 0.00
×
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Nifty Bank - Today's Top Losers

Company Name CMP Price Change(%)
61.72-5.21%
930-3.53%
194.05-3.43%
1,072.10-3.28%
240.30-3.20%

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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 99.65 90,389 5.65 0.97 2.58 19.25
ICICI Bank Ltd. (L) Very Good 1,286 9,08,015 20.74 3.56 15.09 18.98
State Bank Of India. (L) Very Good 812.5 7,25,125 11.12 1.85 10.47 18.81
Axis Bank Ltd. (L) Very Good 1,072 3,31,811 12.69 2.01 10.93 18.07
HDFC Bank Ltd. (L) Very Good 1,772 13,55,214 19.59 2.83 17.25 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 (%)
ICICI Bank Ltd. (L) Very Good 1,286 9,08,015 27.77
State Bank Of India. (L) Very Good 812.5 7,25,125 27.72
The Federal Bank Ltd. (M) Somewhat Good 194.1 47,621 26.75
Canara Bank. (L) Not Good 99.65 90,389 16.96
Punjab National Bank. (L) Not Good 100.7 1,15,734 16.00
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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 61.72 45,178 19.49 1.23 12.02 36.59
AU Small Finance Bank Ltd. (M) Very Good 536.8 39,945 21.95 2.50 11.85 36.31
ICICI Bank Ltd. (L) Very Good 1,286 9,08,015 20.74 3.56 15.09 22.43
Canara Bank. (L) Not Good 99.65 90,389 5.65 0.97 2.58 19.72
Bank Of Baroda. (L) Somewhat Good 240.3 1,24,268 6.49 0.98 5.16 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 812.5 7,25,125 11.12 1.85 10.47 134.3
Bank Of Baroda. (L) Somewhat Good 240.3 1,24,268 6.49 0.98 5.16 83.80
ICICI Bank Ltd. (L) Very Good 1,286 9,08,015 20.74 3.56 15.09 61.99
Canara Bank. (L) Not Good 99.65 90,389 5.65 0.97 2.58 60.12
Axis Bank Ltd. (L) Very Good 1,072 3,31,811 12.69 2.01 10.93 34.66
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