Top-performing banking stocks in 2022
5paisa Research Team
Last Updated: 10th December 2022 - 04:34 pm
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 (%)* |
|
57634.83 |
36 |
|
|
43193.43 |
32.36 |
|
|
53252.2 |
30.85 |
|
|
42314.59 |
16.68 |
|
|
20138.78 |
15.91 |
|
|
20124.47 |
15.3 |
|
|
239603.31 |
15 |
|
|
4004 |
9.64 |
|
|
446587.56 |
8.68 |
|
|
74361.78 |
8.14 |
|
|
*Data as on 24 April 2022 |
||
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