Top-performing banking stocks in 2022

Top-performing banking stocks in 2022

by 5paisa Research Team Last Updated: Apr 25, 2022, 05:13 PM IST

Nifty Bank index ended the session on a flat note at 36,082.35, up by only 0.10%.

On Monday, headline equity indices i.e. Sensex and Nifty 50, lost 1.08% and 0.97%, respectively. Similarly, the European and Asian markets declined amid weak global cues. While oil prices came down nearly 5% over the week as Covid-19 concerns emerged in China again. The rupee was hovering at 76.68 per USD.

The Nifty 50 index depreciated by 0.97% and ended at 17,005.00 levels. Top gaining stocks of the Nifty 50 index were ICICI Bank, Bajaj Auto, Maruti Suzuki and Axis Bank. The BSE Sensex closed in red territory falling by 1.08% at 56,579.89 levels. The top-performing stocks on BSE Sensex were HDFC Bank, ICICI Bank and Housing Development Finance Corporation Ltd.

Nifty Bank index ended the session on a flat note at 36,082.35, up by only 0.10%. Top gainers of the index comprise Bandhan Bank, HDFC Bank, ICICI Bank and Kotak Mahindra Bank. While top losers include IDFC First Bank, Punjab National Bank, IndusInd Bank and State Bank of India (SBI).

Ratings agency Moody’s has maintained a ‘stable’ outlook for India’s banking system. The rating agency has said that the operating conditions for banks will be stable, supported by improving consumer and business confidence, as well as advancing domestic demand. Also, declines in loan-loss provisions and increases in net interest margins will boost banks’ profitability.

Below is the list of top-performing banking stocks in 2022. Keep a close eye on these stocks for the upcoming sessions.

Company Name  

Market Cap (Rs Cr)*  

YTD Return (%)*  

Bank of Baroda  

57634.83  

36  

AU Small Finance Bank Ltd.  

43193.43  

32.36  

Bandhan Bank Ltd.  

53252.2  

30.85  

Canara Bank  

42314.59  

16.68  

Indian Bank  

20138.78  

15.91  

The Federal Bank Ltd.  

20124.47  

15.3  

Axis Bank Ltd.  

239603.31  

15  

Karur Vysya Bank Ltd.  

4004  

9.64  

State Bank Of India  

446587.56  

8.68  

IndusInd Bank Ltd.  

74361.78  

8.14  

*Data as on 24 April 2022  

SENSEX
54,252.53
503.27 (0.94%)
Nifty 50
16,170.15
0.00 (0.00%)
Nifty Bank
35,094.90
0.00 (0.00%)
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SENSEX
54,252.53
503.27 (0.94%)
Nifty 50
16,170.15
0.00 (0.00%)
Nifty Bank
35,094.90
0.00 (0.00%)

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