3 Nifty Pvt. Bank Stocks Trading Close To Their 52-Week Low And Down Up To 59% From ATH

Indian markets mirroring world markets have trembled substantially, with Nifty cracking over 9% YTD and drooping more than 15% from its 52-week high. Shaken a little less, Nifty private bank index has also come down by over 6% on a YTD basis. Now, in this ongoing correction that spans quite a while on global headwinds, some of the private bank stocks have tumbled and are trading very close to their 52-week low price.

3 Nifty Pvt. Bank Stocks Trading Close To Their 52-Week Low And Down Up To 59% From ATH

Nifty Private bank index stocks that trade very close to their 52-week low

Now as investors' interest is centered on large private sector banking stocks, here are the stocks from the Nifty private bank index that are trading close to their 52-week low price.

Nifty private bank stocks	"Last traded price as on May 13, 2022"	52-week low price	All time high price	% gap from All time high
HDFC Bank	1291.35	1287	1725	25
Axis Bank	635.95	633.4	866.9	26.64
IDFC First Bank	34.55	34.2	83.4	58.57

There is one more stock from the private banking space which though is not the part of the Nifty private bank index but is again trading close to its 52-week low. Catholic and Syrian Bank or CSB Bank last on May 13, 2022 settled at a price of Rs. 190.35, while its 52-week low is Rs. 185.1. The stock's ATH is Rs. 374 which means this stock is again down by close to 50% from its all time high price.

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