Nifty Bank has fired up and has reclaimed 33000 points. Investors all over the globe have remained on the back foot as they are tracking newsflow on the Russia Ukraine Conflict. However, it seems like they are still in the bear zone. Fund outflows from foreign investors have put banking stocks under pressure. Here are a few banking stocks that you can add to your watchlist.
RBL Bank
The bank went through a flux in late December and lost many depositors. As a result, it lost over 11% of its share price. When compared to its 52-week high of ₹ 253.70, the share has lost 49.01% as it is currently trading at ₹ 129.25 per share level.
Jaideep Iyer, Head-Finance, Strategy and Investor Relations, RBL Bank said, “We are thankfully quite over the hump on that. Depositors have come back, there are levels of deposits that are today higher than December 31, 2021, and even higher than the time when we declared our (third-quarter) results. We are sitting back on some Rs 14,000 crore to Rs 15,000 crore of extra liquidity.”
IDFC First Bank
IDFC First Bank is currently trading at ₹41.00 apiece, down 12.95% in one month and down 40.01% since its 52-week high of ₹68.35.
IDFC First Bank is about to merge with its holding company IDFC Limited which holds a 36.51% stake in the bank. This merger was agreed upon in December 2021 but there have been no developments since then. One of the key reasons for holding back the merger is the delay in hiving off IDFC AMC. IDFC is looking for a potential deal.
ICICI Bank Limited
Shares of ICICI Bank Limited are trading at ₹661 apiece. The shares have gone down by 23.76% since they reached their 52-week high of ₹867 per share.
The company had entered into an agreement to acquire a 9.49% stake in Verve Financial Services for ₹ 19.99 crores.
Brokerage firm Anand Rathi has given a buy call on ICICI Bank with a target of ₹800. The time period given by the analyst is 6 months.
HDFC Bank Limited
Share prices of HDFC Bank Limited have fallen by 10.52% in the past month and by 22.31% since their 52-week high of ₹1725 per share. Its shares are currently trading at ₹1339.80 apiece.
Here are a few other banks whose share prices have dropped from their 52-week high:
| Company | Current Price | 52-week High | Change from 52-week high |
| IndusInd Bank Limited | 848.00 | 1242.00 | 31.72% |
| Bandhan Bank Limited | 260.85 | 371 | 29.69% |
| Punjab National Bank Limited | 35.10 | 48.20 | 27.17% |
| Kotak Mahindra Bank Limited | 1702.90 | 2253 | 24.41% |
| Axis Bank Limited | 662.30 | 866.90 | 23.60% |
| AU Small Finance Bank Limited | 1124 | 1421.00 | 20.90% |
| State Bank Of India Limited | 411.55 | 549 | 25.03% |
| Federal Bank Limited | 90.60 | 107.65 | 15.83% |
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