Post by capitalstars Equity tips on Aug 9, 2016 16:30:06 GMT 8
Bank stocks are turning favourable among the mutual funds (MFs). The MFs have increased their allocation for bank stocks to a record high of nearly Rs. 94,000 crore by June-end. Certainly, strict steps taken by the government and RBI to clean up the banking system are helping the bank stocks. And that can also be seen in the Bank Nifty performance.
In the one-year period, however, the bank sector is yet to show remarkable growth. The above dashboard shows that except four bank stocks, all are in red. The four gainers were Yes Bank, Indus Ind Bank, HDFC Bank and Kotak Bank. During the period, Bank Nifty is down 0.54%. Meanwhile, three out of the four gainers marked double digit growth in the last year period. Yes Bank leads with gains of 52.06%.
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In the one-year period, however, the bank sector is yet to show remarkable growth. The above dashboard shows that except four bank stocks, all are in red. The four gainers were Yes Bank, Indus Ind Bank, HDFC Bank and Kotak Bank. During the period, Bank Nifty is down 0.54%. Meanwhile, three out of the four gainers marked double digit growth in the last year period. Yes Bank leads with gains of 52.06%.
Get Tips From capitalstars click here Equity Tips , Accurate stock tips