The shares of HDFC Bank and ICICI Bank are two of the best-performing banking stocks in India. Over the past one year, the share prices of these banks have surged by more than 50%.
Investors are bullish on these stocks due to their strong fundamentals. Both banks have a strong presence in the Indian banking sector and are well-positioned to benefit from the growing economy.
HDFC Bank has a market capitalization of Rs 5.8 lakh crore and is one of the largest banks in India. The stock is trading at Rs 1,849, up 54% from its 52-week low of Rs 1,202. The bank has a strong balance sheet with a gross non-performing asset (NPA) ratio of 1.3%.
ICICI Bank has a market capitalization of Rs 4.6 lakh crore and is one of the largest private sector banks in India. The stock is trading at Rs 432, up 58% from its 52-week low of Rs 273. The bank has a strong balance sheet with a gross NPA ratio of 1.9%.
Conclusion:
HDFC Bank and ICICI Bank are two of the best-performing banking stocks in India. HDFC Bank is our top pick in this sector.
