Investors can get an array of options for Bank Stocks to buy, and they should choose wisely.
In this article, readers will be provided comprehensive knowledge about the top 10 Bank Shares to buy that will help them in making strategic investment plans.
Bank stocks in India are considered one of the most profitable financial instruments that bring in high returns.
They are the backbone of the nation’s stock exchange and attract the maximum amount of investment.
Top 10 Bank Stocks to Buy in India – List of Best Bank Shares to Buy
|2||Kotak Mahindra Bank|
This portion of the article will focus on the 10 Best Bank Stocks to Buy in this nation. These stocks have been performing well in the market, and investors are earning an outstanding amount of profit from them.
Share trading is always subjected to market risks, but when bank stocks are involved, one can trade with a partial peace of mind.
The Top 10 Banking Shares that will be discussed in this article are HDFC Bank, Kotak Mahindra Bank, ICICI Bank, SBI, Axis Bank, Bandhan Bank Ltd., IndusInd Bank, IDBI Bank, YES Bank, and PNB. These are the top banks of the nation that have a considerable customer base.
Their share prices have shown remarkable growth in the past year and are expected to see more hikes in the future.
Readers should go through this article carefully for obtaining essential details about these shares.
HDFC Bank Ltd. – Best Bank Shares to buy in India
HDFC Bank Ltd. Boasts the largest market capitalization and is one of the Best Bank Shares to buy in 2021.
The stock has already recovered from its 52 weeks low and has gained momentum. The 52 week low of the stock was 738, while the 52 week high was 1305.
The estimated market capitalization of the stocks is Rs. 617326 crore, which is the highest in the banking sector. With a dividend yield of 0.22 per cent, the stock has shown enough reliability to its investors.
Since its inception, it has performed pretty well in the market and has surged to new benchmarks every year.
HDFC Bank stock is expected to perform well in the coming years as a considerable volume of shares is traded every day.
Moreover, they have widened their serviced and tied up with some of the world-renowned partners which highlight the goodwill of the company.
Kotak Mahindra Bank Ltd. – Top Bank Stocks to buy in India
The second name in the list of the 10 Best Bank Stocks to buy is of Kotak Mahindra Bank. This share is on an uphill momentum at present with a lot of hike in its price.
The 52 weeks low of this share was 1001, and the 52 week high is 1740, which is quite commendable. An estimated market capitalization of the Kotak Mahindra Bank stocks is Rs. 273084.90 Crores.
This is the second biggest figure in the banking sector and gives enough reason to investors for considering the share.
Kotak Mahindra Bank has been serving a large number of clients since its inception, and its service portfolio has expanded robustly.
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ICICI Bank Ltd. – Most Traded Banking Shares in India
ICICI Banks share is one of the Most Traded Banking Shares in India and has a very high volume of 33,199,184. This denotes that a large number of traders in this country are investing in this share.
This stock has come out successfully from its 52 weeks low and has seen a good hike in the price of per unit. The 52 weeks high of ICICI Bank shares was 522.20 while the 52 week low was 268.30.
Investors are given a dividend of 0.61 based on their holding. ICICI Bank is a trusted institution that has partnered with some of the world-renowned partners for offering premium services.
State Bank of India – Top 10 Banking Stocks to buy
The fourth position in the list of the Top 10 Banking Stocks to buy in India is held by the State Bank of India.
It is the first government bank to make to this list and is the most trusted name in the banking sector. SBI serves the biggest client base in India, and its shares help in earning a good deal of returns.
The total market capitalization of these shares is Rs. 184282.47 Crores, and the estimated volume is 54,435,819.
SBI shares have made an impactful comeback after its 52 weeks low and are doing great in the stock market. The 52 week low was 149.45, and the 52 week high was 351.
Axis Bank Ltd. – Best Bank Shares in India
Axis Bank share is one of the Best Bank Shares to buy as its EPS is commendable at present. This share has taken a huge leap from its 52 weeks low creating profitable opportunities for investors.
Axis Bank shares have an estimated market capitalization of Rs. 139294.21 crores, and a volume of 29,405,504 shares are traded. The 52 week low of this share is 286. However, its 52 weeks high is very surprising, and it is 765.85.
This bank operates numerous branches in every city and operates from small towns also. Thus, investors can hope to earn a good amount of profit by investing in Axis Bank shares.
Here are the list of Top Stocks to Buy from other Sectors
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Bandhan Bank Ltd. – Top Bank Shares to buy in India
The sixth name among the Top Bank Shares to buy is of Bandhan bank. This bank has acquired a prominent place in the banking sector within a short time and is achieving milestones regularly.
Its 52 weeks high and low are commendable and will compel an investor to take an interest in its shares.
The 52 week low was 152.20 but the 52 week high was 650. An estimated market capitalization of Bandhan Bank shares is Rs. 50635.56 crores.
A large number of traders have already bought this stock, and this has hiked its total volume to 20,791,127.
This bank offers trusted services and is contributing towards the welfare of the society immensely.
IndusInd Bank Ltd. – Best Bank Shares to Buy
IndusInd Bank share is one of the Best Bank Shares to Buy for its exceptional performance in the stock market. This share has recovered amazingly from its 52 weeks low and is creating new records.
The 52 weeks low was recorded as 235.55, and the 52 weeks high was recorded as 1596.55, which is a huge jump.
The total market capitalization of this bank is Rs. 42734.07 crores. Clients trade a huge volume of IndusInd Bank shares daily, and the trading volume is 21,613,034.
IDBI Bank Ltd. – Best Bank Stocks to buy
In the list of the 10 Best Bank Stocks in India, IDBI Bank Ltd. stand in the eighth position. Its market capitalization is Rs. 39861.48 crores, and this is worth a mention.
This share has evolved well from its 52 weeks low and has gained momentum, which is good news for investors.
IDBI Bank shares have a very high trading volume which is 1,291, 217. The 52 weeks low is 17.25 and the 52 weeks high is 56.20.
A large number of clients rely on the transparent services provided by IDBI Bank Ltd. It is expanding its service list robustly and reaching out to more customers regularly.
YES Bank Ltd. – Top Bank Stocks to buy in India
The ninth name among the Top Bank Stocks in India to invest in is of YES Bank Ltd. This share has shown a remarkable performance in the 52 weeks high-low category.
The 52 weeks low was 5.65, whereas the 52 weeks high was 87.30, which is a giant leap. This bank shares a dividend of 3.37% with its investors, and this adds to their profit account.
YES Bank Ltd. has an approximate market capitalization of Rs. 35,703.24, and its trading volume is 85,875,336, which is massive.
This bank offers an array of banking services that are attracting a large number of clients.
Punjab National Bank – Bank Stocks to buy
Punjab National Bank is the final name in the list of the 10 best Banking Stocks to buy. This is the second public bank in this list and serves the second-largest client base after the State Bank of India. PNB shares have bounced back from its 52 weeks low with a perfect figure.
The 52 weeks high is 69.65, while the 52 weeks low was 26.30. An estimated market capitalization of Rs. 31666.77 crores is calculated for this bank.
A large number of PNB shares are traded daily, and the trading volume is 20,523,151.
Bank Stocks to Buy – Conclusion
This article has given the complete list of the 10 Best Banking Shares to buy in India. Readers can learn various vital details here that will help them in making strategic investment decisions.
They should go through each of the Bank Stocks to buy and choose the one that will be the most convenient.
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