Private banking stocks displayed a mixed trend during the week of November 25–29, 2024, as gains in some counters were offset by declines in others. Here’s a breakdown of their performance:
HDFC Bank Ltd led the gainers, rising ₹21.55 (1.21%) to close the week at ₹1,795.50. Yes Bank Ltd followed with a gain of ₹0.35 (1.78%), closing at ₹19.96. Federal Bank Ltd also edged up, gaining ₹0.44 (0.21%) to end at ₹210.79.
On the other hand, Axis Bank Ltd posted the steepest decline, falling ₹24.75 (2.13%) to ₹1,137.00. Bandhan Bank Ltd declined ₹5.26 (3.02%), closing at ₹168.94, while Kotak Mahindra Bank Ltd and ICICI Bank Ltd recorded moderate losses of ₹19.40 (1.09%) and ₹11.30 (0.86%), closing at ₹1,761.25 and ₹1,298.70, respectively.
Weekly Performance Table
| Stock | Closing Price (₹) | Weekly Gain/Loss (₹) | Weekly Change (%) |
|---|---|---|---|
| HDFC Bank Ltd | 1,795.50 | +21.55 | +1.21 |
| Yes Bank Ltd | 19.96 | +0.35 | +1.78 |
| Federal Bank Ltd | 210.79 | +0.44 | +0.21 |
| Axis Bank Ltd | 1,137.00 | -24.75 | -2.13 |
| Bandhan Bank Ltd | 168.94 | -5.26 | -3.02 |
| Kotak Mahindra Bank Ltd | 1,761.25 | -19.40 | -1.09 |
| ICICI Bank Ltd | 1,298.70 | -11.30 | -0.86 |
The private banking sector’s mixed performance reflects varied investor sentiment, with some counters gaining traction while others faced profit-booking or cautious outlooks.
Disclaimer:
This article is for informational purposes only and should not be interpreted as financial or investment advice. Readers are advised to consult with a professional financial advisor before making any investment decisions.
