Is it true that most of the Bank Nifty stocks have moved closer to their 52 week lows due to the impact of the COVID-19 pandemic?
Answer
Answer
The table below captures the bank nifty stock performance versus the range of the index.
Symbol
Last Traded Price
Traded Value(crs)
52 Week High
52 Week Low
365 Days % Change
Distance to High
Distance to low
NIFTY BANK
19,488
7,634
32,613
16,116
-34.61
-67.35%
17.30%
INDUSINDBK
408
1,252
1,824
236
-76.65
-347.00%
42.27%
BANDHANBNK
194
407
650
152
-64.63
-234.36%
21.71%
IDFCFIRSTB
22
53
55
18
-59.21
-147.42%
20.67%
PNB
31
51
95
28
-66.31
-201.91%
10.81%
AXISBANK
420
1,385
828
286
-44.8
-97.08%
31.90%
FEDERALBNK
41
83
110
36
-58.49
-171.92%
12.07%
KOTAKBANK
1,257
526
1,740
1,001
-6.88
-38.42%
20.37%
SBIN
184
959
374
174
-40.8
-103.10%
5.70%
RBLBANK
118
258
716
106
-82.46
-505.84%
10.74%
BANKBARODA
50
70
144
47
-61.72
-190.03%
6.34%
HDFCBANK
898
1,550
1,306
739
-59.87
-45.41%
17.72%
ICICIBANK
331
1,040
552
268
-16.01
-66.78%
18.97%
Clearly, banks have been one of the worst hit and that is clearly from the negative gap to the high prices.