Banking stocks are a smart choice for those looking to diversify their investment portfolio in the Indian stock market. Here’s why:
Stable Income
Growth Potential:
Sector Stability
High Regulation
Banking stocks represent shares in companies within the banking industry. This includes a variety of banks such as commercial banks, savings banks, and investment banks. These institutions handle financial transactions like deposits, loans, and investments, which are essential to both personal finance and business operations.
Name | Price | M Cap | Analyst Rating | Target Price | Alpha | 1Y Return | 3Y Return | 5Y Return | PE | Industry PE | PB | Beta | Div Yld | Net Profit Qtr | Net Profit QoQ % | Net Profit YoY % | Net Profit 3Y Change % | Rev Qtr (in Cr) | Rev QoQ (in %) | Rev 1Y change % | Rev 3Y change % | Profit Mar Qtr | Profit Mar QoQ | Profit Mar 1Y Change% | Profit Mar 3Y Change% | Sector | M Cap | ROE | ROCE | EPS | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDFC Bank Ltd | ₹1,511.70 | Large Cap | BUY | 1892.35 | 7.61% | 33.57% | 16.74 | 20.82 | 3.21 | 1.19 | 1.18% | 17622.38 Cr | 2.11% | 20.88% | 68.77% | 124391.35 | 8.15% | 22.05% | 39.16% | 22.47% | 21.28% | Financial Services | 1148424.98 | 16.96% | NA | 82.71 | 11218935 | ||||
ICICI Bank Ltd | ₹1,096.75 | Large Cap | BUY | 1235.35 | 20.07% | 85.54% | 177.38% | 18.07 | 20.82 | 3.1 | 0.84 | 0.91% | 11052.6 Cr | 1.44% | 35.55% | 255.8% | 59739.72 | 3.66% | 18.18% | 24.3% | 18.28% | 14.7% | 186.25% | Financial Services | 770364.77 | 17.48% | NA | 49.35 | 5460645 | ||
State Bank of India | ₹773.10 | Large Cap | BUY | 769.79 | 13.14% | 37.61% | 124.54% | 152.48% | 10.82 | 20.82 | 1.56 | 1.12 | 2.16% | 11064.14 Cr | 57.31% | 181.51% | 153071.64 | 6.11% | 16.32% | 28.63% | 11.76% | 35.25% | 118.85% | Financial Services | 689961.75 | 18.05% | NA | 63.37 | 7841861 | ||
Kotak Mahindra Bank Ltd | ₹1,842.80 | Large Cap | BUY | 2070.19 | 4.73% | 35.46% | 21.04 | 20.82 | 4.15 | 1.04 | 0.09% | 4264.78 Cr | 23.46% | 73.68% | 24083.15 | 11.71% | 16.12% | 35.29% | 21.9% | 6.32% | 28.37% | Financial Services | 366334.06 | 14.06% | NA | 74.2 | 3294963 | ||||
Axis Bank Ltd | ₹1,063.25 | Large Cap | BUY | 1272.83 | 21.05% | 51.8% | 43.51% | 12.42 | 20.82 | 2.11 | 0.93 | 0.12% | 6491.66 Cr | 4.63% | 483.8% | 35136.83 | 6.08% | 23.27% | 32.6% | 10.19% | 340.28% | Financial Services | 328226.7 | 7.96% | NA | 35.27 | 5641147 | ||||
Punjab National Bank | ₹133.00 | Large Cap | HOLD | 100.35 | 143.79% | 167.07% | 286.07% | 53.31% | 19.19 | 20.82 | 0.56 | 1.73 | 1.39% | 2432.77 Cr | 22.24% | 663.7% | 30527.38 | 2.25% | 12.2% | 54.53% | 3.37% | 19.55% | 394.2% | Financial Services | 146446.51 | 2.79% | NA | 3.05 | 18637107 | ||
Bank of Baroda | ₹259.10 | Large Cap | BUY | 269.96 | 17.53% | 40.74% | 307.71% | 112.38% | 7.09 | 20.82 | 0.89 | 1.28 | 3.26% | 4788.52 Cr | 8.97% | 89.88% | 1506.6% | 35083.98 | 26.2% | 21.62% | 13.46% | 11.09% | 50.46% | 1221.01% | Financial Services | 133989.99 | 15.33% | NA | 28.37 | 8675116 | |
Indian Overseas Bank | ₹63.25 | Large Cap | NA | NA | 135.11% | 159.75% | 296.55% | 321.67% | 47.56 | 20.82 | 1.89 | 1.74 | NA | 724.13 Cr | 15.46% | 23.09% | 404.59% | 7442.65 | 7.22% | 8.7% | 486.66% | 8.94% | 7.68% | 13.24% | Financial Services | 119557.76 | 5.44% | NA | 1.11 | 6738811 | |
IndusInd Bank Ltd | ₹1,474.65 | Large Cap | BUY | 1861.05 | 7.56% | 31.46% | 71.56% | 13.2 | 20.82 | 1.53 | 1.17 | 1.31% | 2301.49 Cr | 4.51% | 54.91% | 66.96% | 13968.17 | 3.24% | 16.7% | 24.64% | 16.71% | 1.23% | 32.74% | 33.96% | Financial Services | 114774.95 | 14.53% | NA | 95.93 | 2964877 | |
Union Bank of India | ₹147.10 | Large Cap | BUY | 164.8 | 73.74% | 99.19% | 345.08% | 67.83% | 7.77 | 20.82 | 0.63 | 1.19 | 4.51% | 3625.39 Cr | 1.5% | 61.66% | 29801.98 | 2.93% | 18.74% | 124.36% | 8.77% | 36.14% | Financial Services | 112290.34 | 12.22% | NA | 12.33 | 8372092 | |||
Canara Bank | ₹596.95 | Large Cap | HOLD | 522.93 | 70.79% | 94% | 341.37% | 119.83% | 7.39 | 20.82 | 0.78 | 1.29 | 4.22% | 3790.21 Cr | 83.76% | 35630.18 | 5.13% | 17.99% | 80.66% | 10.12% | 55.74% | Financial Services | 108294.51 | 17.14% | NA | 59.58 | 4927855 | ||||
IDBI Bank Ltd | ₹86.80 | Large Cap | NA | NA | 39.39% | 63.62% | 154.55% | 98.17% | 17.5 | 20.82 | 1.3 | 1.33 | 2.22% | 1508.53 Cr | 8.89% | 46.27% | 7579.91 | 7.31% | 8.31% | 14.7% | 1.47% | 35.05% | Financial Services | 93330.85 | 6.39% | NA | 3.47 | 6588919 |
Banking stocks are suitable for:
Investing in banking stocks comes with several advantages:
Several factors can impact the performance of banking stocks:
Before investing in banking stocks, consider these points:
To invest in banking stocks through INDmoney, follow these steps:
Here's how you can invest in IT stocks using INDmoney:
Step 1
Download the INDmoney app and create your free investment account by completing your KYC ( Know Your Customer).
Step 2
Once your Free investment account is ready, you can either search for a Bank Stocks or go to the Stocks section and tap on Banking collection.
Step 3
Choose a Banking Stocks by looking at aspects like past returns, volatility, downside returns & proceed to buy.
Investing in banking stocks offers stability, dividends, and global exposure. Consider them for a balanced, income-focused portfolio, particularly if you value market reliability and seek opportunities aligned with economic trends. Assess your risk tolerance, stay informed about economic indicators, and evaluate individual bank health before making investment decisions.
Banking stocks are publicly traded stocks of companies which are licensed by the Reserve Bank of India to accept deposits and grant out loans.
All stocks listed under the Nifty banking index are considered to be banking stocks.
Banking stocks can offer stable returns and also carry lower risks due to their steady nature.
Yes, you can do an SIP in banking stocks through INDmoney.
Yes, diversifying your investment portfolio, including different sectors, can reduce risk.
Banking stocks can be sensitive to economic downturns as loan defaults may increase and banking profits can decline.
For those looking for a blend of income and potential capital growth, banking stocks can be a worthy consideration.
Government regulations can significantly impact banking operations and profitability. It’s important to stay informed on policy changes.
Look at key metrics like return on assets, loan growth, and non-performing asset ratios to gauge a bank's health.
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