Largest Lender in India Sees Strong Net Profit Growth; Asset Quality Improves Net Profit Rises 28%, Driven by Higher Other Income and Robust Loan Growth

Shares of the bank gained more than 50 per cent in the last six months.

Shares of the bank gained more than 30 per cent in the last six months.

Shares of the company gained more than 12 per cent in the last six months.

The scrip witnessed a massive spurt in volume

 Shares rise on getting approval to raise funds through various modes.

Bank reported a 21 per cent increase in consolidated net profit in Q4FY23.

The fallout of Silicon Valley Bank and Credit Suisse has created enough doubts in investors' mind about the health of banks across the globe. Indian banks are considered safe but it would be interesting to find out if they are investible at the current prices. Yogesh Supekar, while analysing the current situation in the global banking industry, shares an outlook on the banking stocks for Indian investors

In just 6 months, the stock gave multibagger returns of 110.48 per cent whereas BSE Small-cap Index rose by only 1.17 per cent.