Banking stocks, a laggard in the last market downfall starting January, have outperformed major indices with a wide margin in the last nine months. Bankex declined 65 per cent between January 1, 2008, and March 2, 2009, against a 58 per cent fall of the Sensex. However, Bankex gave a return of 154 against 100 per cent by the Sensex since March. With the economic recovery & credit growth, banking stocks are expected to perform even better. SundayET takes a peek into the recommendations of top brokerage houses.
Dena Bank Three month returns: 56.65%
YES Bank Three month returns: 46.01%
Canara Bank Three month returns: 36.55%
Indusind Bank Three month returns: 34.92%
Punjab National Bank Three month returns: 30.09%
UCO Bank Three month returns: 28.26%
IDBI Bank Three month returns: 26.60%
Allahabad Bank Three month returns: 25.39%
Central Bank of India Three month returns: 21.73%
All returns as on 12.12.2009
Posts
No comments:
Post a Comment