Investing in the stock market is an attractive option for many people who are looking for opportunities to grow their wealth. While there are many different types of stocks available, banking stocks are often considered to be a safe and reliable investment. However, it can be challenging to find high-quality banking stocks at an affordable price. In this article, we will take a look at some of the top banking stocks in India that are currently priced under Rs. 200.
Banking Stocks under Rs.200:
RBL Bank:
RBL Bank is one of the top-performing banking stocks in India. The bank has a strong presence in the retail and SME sectors and has been consistently delivering strong financial performance over the years. RBL Bank share is currently priced at around Rs. 186, making it an attractive option for investors who are looking for high-quality banking stocks at an affordable price.
Bank of Baroda:
Bank of Baroda is one of the largest public sector banks in India. The bank has a strong presence in the retail and corporate sectors and has been consistently delivering strong financial performance over the years. The stock is currently priced at around Rs. 87, making it an attractive option for investors who are looking for high-quality banking stocks at an affordable price.
Bank of India:
Bank of India is another public sector bank that has a strong presence in the retail and corporate sectors. The bank has been consistently delivering strong financial performance over the years and is currently priced at around Rs. 59, making it an attractive option for investors who are looking for high-quality banking stocks at an affordable price.
IDFC First Bank:
IDFC First Bank is a private sector bank that has a strong presence in the retail and SME sectors. The bank has been consistently delivering strong financial performance over the years and is currently priced at around Rs. 43, making it an attractive option for investors who are looking for high-quality banking stocks at an affordable price.
Federal Bank:
Federal Bank is another banking stock under Rs.200 that investors can consider. The bank has a strong presence in the retail banking sector and has been focusing on expanding its digital presence. Federal Bank’s share price is currently under Rs. 100, making it an attractive option for investors.
DCB Bank:
DCB Bank is a small-sized bank that has been performing well in recent years. The bank has a strong presence in the retail banking sector and has a diversified loan portfolio. DCB Bank’s share price is currently under Rs. 100, making it an attractive option for investors.
Conclusion:
Investing in banking stocks can be a great way to grow your wealth over the long term. While there are many different banking stocks available, it can be challenging to find high-quality options that are priced affordably. However, the 6 banking stocks we have discussed in this article are all top-performing options that are currently priced under Rs. 200. If you are interested in investing in these stocks, it is important to do your research and open a demat account to get started.