Friday, January 27, 2023

Banking Shares May Give Good Return In Coming 6 Months SBI Share Price

Banking Sector Shares: Have you also invested money in banking stocks… If yes, then in the coming 6 months, there can be a boom in banking sector stocks. Market experts have expected so. Rising interest rates, expansion of retail credit and improvement in the quality of credit, which will have an impact on the stocks of the banking sector. Experts believe that if there is no major economic shock, then the market will see a boom in the future.

5 percent growth in the banking sector
The BSE Bank Index has risen 5 per cent since the beginning of the year 2022. On the contrary, the Sensex has seen a fall of about 5 percent. During this, many major banks like Bank of Baroda have seen a rise of 30 to 40 percent.

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Banking sector is important for the economy
Experts believe that the banking sector is known as the ‘mother sector’ of the economy because a better performance of banks indicates better days for the economy, but when the economy is in bad shape, the banking sector gets hit hard.

There has also been an improvement in NPA
There has also been an improvement in the non-performing assets (NPAs) of banks. Along with this, there have also been no major cases of default on the part of corporate borrowers. At the same time, according to experts, there are some signs of things going bad for the banking sector in the market. Which has also been seen in the quarterly results of most banks.

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Know what is the opinion of experts?
Ajit Kabi, banking expert, LKP Securities, said that some banks have performed very well keeping in mind the rising interest rate. He has said that ICICI Bank, Bank of Baroda and SBI have performed very well as expected. However, the performance of HDFC Bank has been less good due to the merger.

Banks performed well in the year 2022
Sunil Damania, chief investment officer of consulting firm Marketsmojo, has said that banks have performed very well in the year 2022, but we must also understand that there has been a divergence within the banking sector as well. While banks like Federal Bank have performed exceptionally well, banks like RBL Bank have struggled to attract investors’ attention. It has been the same in the case of IDFC First Bank and HDFC Bank as well.

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Which company’s stock rose by how much?
If we talk about the rise, then the shares of Canara Bank have jumped 15 percent, Bandhan Bank about 13 percent and SBI 12 percent. At the same time, shares of ICICI Bank, Axis Bank and Yes Bank have also seen a jump of 7 to 8 percent. Shares of IndusInd Bank and Kotak Bank have jumped 2 percent.

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