Diwali 2022: Crores of people of India are connected with the banking sector. From poor to rich and from child to elderly, everyone can open an account in the bank and deposit their capital in the bank. At the same time, the business of banks is also spread over a very large area, due to which the scope of their earnings also increases. The shares of many banks are also listed in the stock market, which are giving very good returns to the investors. Today we are going to tell you about some such strong banking stocks, which you can also make a part of your portfolio on this Diwali. Such banking shares are market leaders and have also given good returns in the long term.
SBI
State Bank of India (SBI) is the largest public sector bank. In October 2020, SBI Share Price was close to Rs 200. At the same time, on 19 September 2022, the stock is trading close to Rs 570. The 52 week high of this stock on NSE is Rs 578.50 and 52 week low price is Rs 425. SBI’s business is in a very wide scope and the books are also very well maintained.
ICICI Bank
The dominance of ICICI Bank in the private sector bank has been increasing for a long time. ICICI Bank is showing steady growth. The share price of the bank was close to Rs 300 in April 2020. Now on 19 September 2022, ICICI Bank is trading at a price of Rs 905. The 52 week high price of the bank is Rs 936.65, while the 52 week low price is Rs 642.15. The bank is also reporting profit continuously.
HDFC Bank
HDFC Bank is considered to be the largest private sector bank. In April 2020, the share price of the bank had come down to around Rs 800. However, now the bank is trading at Rs 1507 on 19 September 2022. The 52 week high price of the bank is Rs 1725, while the 52 week low price is Rs 1271.60. The business of the bank is also running in profit.
