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7 Best Bank Stocks Within Rs 100 To Invest In India 2021

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Interested in investing in banking stocks listed on the Indian Stock Exchange (NSE and/or BSE) in the Bank industry subsector? This article presents a list of the best-performing stocks, which have been ranked based on their highest returns and priced below Rs 100. The banking industry is an integral part of the economy, which experiences its own ups and downs. When the economy is doing well, lending and borrowing increase, which contributes to strong growth in banks. The underlying historical performance of the banking players, as well as those players that have managed to exhibit some degree of predictability in their financial performance, should be thoroughly examined. Some of the banks that have done well and provided substantial returns are shown below.

 

List of Best Performing Bank Stocks

List of Best Performing Bank Stocks

Would the non-performing asset figures in the retail lending segment jump in the first quarter of fiscal 22 as a result of the mini-lockdown in some parts of the country?

Company Stock Price (June 11) 1- Year Return %YTD Gains
Bank Of Maharashtra 26.60 136.44% 94.87%
Punjab and Sindh 20.30 24.54% 50.93%
Bank Of India 80.40 66.98% 60.32%
Indian Overseas Bank 20.80 99.04% 92.59%
IDFC First Bank Ltd 60.05 137.82% 60.56%
Central Bank Of India 21.55 32.62% 52.84%
Equitas Small Finance Bank Ltd 60.60 84.76% 60.53%

Banks Year-To-Date Returns
 

Banks Year-To-Date Returns

The amount of profit (or loss) realized by an investment from the first trading day of the current calendar year is referred to as the YTD return. Investors and analysts frequently use YTD calculations to evaluate the performance of a portfolio or to compare the recent performance of a number of equities.

Here's a look at the top Bank stocks that have achieved the best year-to-date (YTD) returns as of this writing. Investors who seek equities with strong momentum assume that the price movement will continue in the future for varied periods of time. Please keep in mind that a stock's historical performance does not ensure that a similar trend will continue in the future.

Bank Of Maharashtra

Bank Of Maharashtra

The Bank of Maharashtra was founded in 1935 and is a banking corporation with a market capitalization of Rs 17,548.43 crore. The company reported a Consolidated Total Income of Rs 4,333.34 Crore for the quarter ended 31-03-2021, up 21.13 percent from the previous quarter's Total Income of Rs 3,577.36 Crore and up 35.48 percent from the same quarter last year's Total Income of Rs 3,198.52 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 168.98 crore. ver a three-year period, the stock returned 91.07 percent, while the Nifty Bank provided investors a 31.56 percent return.

Punjab & Sind Bank

Punjab & Sind Bank

The Punjab & Sind Bank is a banking institution that was founded in 1908 with a market cap of Rs 8,226.92 Crore. The company reported a Standalone Total Income of Rs 1,940.62 Crore for the quarter ended 31-03-2021, down 2.11 percent from the previous quarter's Total Income of Rs 1,982.52 Crore and down 15.24 percent from the same quarter last year's Total Income of Rs 2,289.43 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 160.79 crore.

Bank Of India

Bank Of India

The Bank of India is a banking company that was founded in 1906. (having a market cap of Rs 26,346.46 Crore). The company reported a Consolidated Total Income of Rs 11,476.86 Crore for the quarter ended 31-03-2021, down 7.24 percent from the previous quarter's Total Income of Rs 12,372.88 Crore and down 6.64 percent from the same quarter last year's Total Income of Rs 12,293.37 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 83.15 crore.

Stock gave a 1 year return of 80.40%.

Indian Overseas Bank

Indian Overseas Bank

The company reported a Standalone Total Income of Rs 5,786.54 Crore for the quarter ended December 31, 2020, up 6.55 percent from the previous quarter's Total Income of Rs 5,430.58 Crore and up 11.32 percent from the same quarter last year's Total Income of Rs 5,197.94 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 212.87 crore. The stock gained 26.56 percent over three years, compared to 43.31 percent for the Nifty 100. Over a three-year period, the stock generated a 26.56 percent return, while the Nifty Bank generated a 31.56 percent return.

IDFC First Bank

IDFC First Bank

IDFC First Bank Ltd., founded in 2014, is a banking firm with a market capitalization of Rs 37,224.72 crore. The company reported a Consolidated Total Income of Rs 4,834.19 Crore for the quarter ended 31-03-2021, down.03 percent from the previous quarter's Total Income of Rs 4,835.86 Crore but up 6.17 percent from the same quarter last year's Total Income of Rs 4,553.07 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 136.93 crore. Stock returned 43.18 percent over three years, compared to 43.31 percent for the Nifty 100 index. Over a three-year period, the stock returned 43.18 percent, while the Nifty Bank provided investors a 31.56 percent return.

Central Bank Of India

Central Bank Of India

The Central Bank of India was founded in 1911 and has a market capitalization of Rs 12,603.08 crore. The company recorded a Consolidated Total Income of Rs 5,795.00 Crore for the quarter ended 31-03-2021, down 11.99 percent from the previous quarter's Total Income of Rs 6,584.31 Crore and 14.07 percent from the same quarter last year's Total Income of Rs 6,743.47 Crore. In the most recent quarter, the bank reported a net profit after tax of Rs -1,441.74 crore.

Equitas Small Finance Bank Ltd

Equitas Small Finance Bank Ltd

Equitas Small Finance Bank Ltd., founded in 1993, is a bank with a market capitalization of Rs 6,898.33 crore. The company recorded a Standalone Total Income of Rs 996.73 Crore for the quarter ended 31-03-2021, down.68 percent from the previous quarter's Total Income of Rs 1,003.54 Crore but up 24.67 percent from the same period last year's Total Income of Rs 799.47 Crore. In the most recent quarter, the bank posted a net profit after tax of Rs 112.87 crore

Disclaimer

Disclaimer

Neither Author nor Greynium Information Technologies would be responsible for losses based on decisions taken based on the article. The above article is for informational purposes only and stock market investing is risky. Investors should consider the risk before investing. Please do not buy stock based on the information provided above do consult a registered advisor.

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