SBI, ICICI Bank among 4 banking stocks that outperformed Nifty Bank index
1/5
Index Beaters
Indian benchmark equity indices fell on Tuesday, dragged down by financials and Reliance Industries, while investors braced for the Federal Reserve's monetary policy meeting that will shed more light on the central bank's future rate cut path. However, as per data available on StockEdge, four banking stocks outperformed the Nifty Bank index on both a 1-week and 3-month basis as of December 16. Here's a list:
2/5
Dhanlaxmi Bank
Dhanlaxmi Bank | 1-week returns: 6.5%, 3-month returns: 3.6%
Nifty Bank | 1-week returns: 0.3%, 3-month returns: 2.7%
Nifty Bank | 1-week returns: 0.3%, 3-month returns: 2.7%
3/5
ICICI Bank
ICICI Bank | 1-week returns: 1.8%, 3-month returns: 6.6%
Nifty50 | 1-week returns: 0.4%, 3-month returns: 2.7%
Nifty50 | 1-week returns: 0.4%, 3-month returns: 2.7%
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4/5
City Union Bank
City Union Bank | 1-week returns: 0.4%, 3-month returns: 10.4%
Nifty50 | 1-week returns: 0.3%, 3-month returns: 2.7%
Nifty50 | 1-week returns: 0.3%, 3-month returns: 2.7%
5/5
SBI
SBI | 1-week returns: 0.3%, 3-month returns: 9.6%
Nifty50 | 1-week returns: 0.3%, 3-month returns: 2.7%
Nifty50 | 1-week returns: 0.3%, 3-month returns: 2.7%