Do you own this banking stock that benefitted the most from two-month rally and soared over 30 per cent?

Since June 17, 2022, the domestic indices have been on an unbroken upward trend. BSE Bankex sectoral index, for the banking industry, surged more than 18 per cent thereby, outperforming the markets.

The domestic Indian indices had a steep decline between January 2022 and mid-June 2022. BSE Sensex plunged more than 15 per cent during this time. The pandemic impact, war between Russia and Ukraine, persistently high inflation, and the aggressive selling of investments by foreign investors are a few of the numerous causes to blame.   

Since June 17, 2022, the domestic indices have been on an unbroken upward trend. Almost in the period of just two months (June 17, 2022, to August 19, 2022), Sensex soared over 15 per cent. BSE Bankex sectoral index, for the banking industry, surged more than 18 per cent thereby, outperforming the markets.   

With gains of over 46 per cent year-to-date (YTD) among the constituents of BSE Bankex, Bank of Baroda was the biggest gainer. Despite a significant decline in other income, the bank recorded a tremendous 79.4 per cent annual gain in standalone profit at Rs 2,168 crore for the quarter ending June 2022. Federal Bank and AU Small Finance Bank also succeeded in generating respectable returns of above 20 per cent each.  

The YTD list's last-place finisher was HDFC Bank, the biggest private sector bank in India, which had grown by 15 per cent over the past two months. IndusInd Bank outperformed all other banks with returns of more than 30 per cent in just two months.  

The following is a list of BSE Bankex constituents, along with their respective market capitalisations and return percentages across two periods: