5 Banking Stocks Down More Than 50% From 52-Week High

At the moment, the stock market's defining attribute is volatility. When investors are bearish, they buy put options. They buy calls on the assumption that stock prices will climb. As a result, the aggregate put/call ratio indicates how fearful investors are. More fear equals a higher level. As the stock market opens, investors start looking into the quality stocks that are available near 52 week with high return potential. For such stock market investors stock with a current market price near 52 week low or a significant percentage down from its 52 week high are a good option. These 5 banking stocks are trading more than 50% below their 52 week high. Here is the list of 5 banking stocks trading near 52-week lows.

Suryoday Small Finance Bank Ltd

Suryoday Small Finance Bank Ltd is trading very close to its 52 week low. The company share price is around 60% down from its 52-week high of Rs 247.65 per share level according to the NSE. Today, Suryoday Small Finance Bank's share price closed at around Rs 99.50, near Rs 12.5 higher from its 52-week low of Rs 87/share. In the last one week, the stock has given positive returns of 2.37%. The market capitalization of the company is Rs 1054.15 crore, the lowest among the 5 banks. 

Fino Payments Bank Ltd

This is the only Payments Bank on the list that is trading more than 50% down from its 52 week high. On Wednesday, Fino payments Bank shares closed at Rs 264.50 levels, near Rs 54.45 higher than its 52-week low of Rs 210.05 per share. Currently, Fino payments Bank is 54.63% down from its 52-week high of Rs 582.95 share. In the last 1 week, the stock has gained around 3.22%. The stock is a good buy considering the Current Market Price is near 52 weeks how. The market capitalization of the company is Rs 32156.92 core, 2nd lowest among the 5 banks.

Ujjivan Small Finance Bank Ltd

This is another Small Finance Bank on the list with more than 50% down from its 52 week high. The stock's current market price is Rs 16.35, after declining 2.10%. The stock is around 52.5% down from the 52 week high level of Rs 34.40 per share. As of now, the stock is trading at only Rs 2.3 from the 52 weeks low of Rs 14.05 per share level. The market capitalization of the company is Rs 2860.37 crore.

CSB Bank Ltd

CSB Bank, hit the 52 week low of Rs 181 per share level on 7 June 2022, currently, it is trading at Rs 182.55. The stock is nearly 51.19% below its 52 week high of Rs 374 per share level. Considering the current market price and the 52 weeks low it is considerable. The market capitalization of the company is Rs 3165.24 core.

RBL Bank Ltd

RBL Bank is one of the leading private-sector banks in the country. The current market price of the stock is Rs 111.30 per share, gaining 0.59%. As of now, it is trading around 50.84% down from its 52 week high of Rs 226.40 per share level. The stock is Rs 10.5 above its 52 week low level of 100.80 per share level. In the last 1 week, it has given 0.27% returns to the investors. The market capitalisation of the company is Rs 6642.59 crore.

Banks	CMP	Down	52 Week Low	52 Week High
Suroday Small Finance Bank	Rs 99.50	59.82%	Rs  87	Rs 247.65
Fino Payments Bank	Rs 264.50	54.63%	Rs 210.05	Rs 582.95
Ujjivan Small Finance Bank Ltd	Rs 16.35	52.50%	Rs 14.05	Rs 34.4
CSB Bank Ltd	Rs 182.55	51.19%	Rs 181	Rs 374
RBL Bank Ltd	Rs 111.30	50.84%	Rs 100.80	Rs 226.40

Disclaimer

The information has been sourced from the NSE. Greynium Information Technologies, and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.