Top Performing Banking Stocks In The Last 1 Year: Know Which Bank Tops The List

Nifty Bank has so far on a year to date basis yielded just 20.78 percent returns while its 1-year returns have been at 64.42 percent. So, while on an YTD basis, the index has underperformed the Nifty that during the same time gave 27.28 percent returns, it has outperformed on a 1-year basis with Nifty returns at 52 percent.

Analysts have been reiterating that banking stocks have not rallied in line with the broader markets and hence will catch up.

So, as Nifty Bank outperformed Nifty during the last 1-year, here are the top performers from the pack during the timeframe. Before the top performers from the banking space, here is in brief about the Nifty Bank index

About Nifty Bank

NIFTY Bank Index comprises the most liquid and large capitalised Indian Banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. Last the index as on the closing of October 7, 2021 ended with gains of 0.62 percent at 37753

The Index is computed using free float market capitalization method. NIFTY Bank Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.

12 constituents of Nifty Bank index

Bandhan Bank

IndusInd Bank

RBL Bank

IDFC First Bank

ICICI Bank

Federal Bank

AU Bank

PNB

SBI

Kotak Bank

Axis Bank

HDFC Bank

Top performing banking stocks with return up to 140% in the last 1-year

 

Nifty Bank Constituent	LTP (in Rs.)	% change in the last one year
SBI	458.8	139.46%
IndusInd Bank	1167.55	87.47%
ICICI Bank	701.05	84.2%
Axis Bank	777.45	72.9%
Federal Bank	85.45	65.12%
AU Bank	1209	64.6%
IDFC First	47.8	53.45%
Kotak Bank	1953.8	46%
HDFC Bank	1610.4	40.76%
PNB	39.9	40.74%

Outlook on Nifty Bank

There is bullishness around Nifty Bank as yesterday only Moody's Investors Service- the US based rating agency has changed the outlook for 9 banks from 'negative' to 'stable'. The banks' which saw rating improvement include HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank, Export-Import Bank of India, State Bank of India (SBI) and Union Bank of India.

Apart from that the country's sovereign rating on Tuesday has also been raised to 'stable' from 'negative'. In trade today, Bank Nifty gained by 0.62 percent led by gains in stocks like ICICI Bank, Bandhan Bank etc.

The outperformance expected from the counters will be owing to the strong results as is being produced in the quarterly updates by the banks and non-banking financial entities. There is an anticipation that in a rising market scenario, banking stocks shall rise more and see less of a correction in declining market.

 

Disclaimer:

Note the above list of banking stocks in terms of last 1-year performance is collated for knowledge purpose only and is not a recommendation to buy in these shares.

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