Banking Sector

43 stocks3 undervalued19 overvaluedAvg MoS: -66.2%

Symbol	Company	Price	Fair Value	MoS	P/E	Signal
ESAFSFB	ESAF Small Finance Bank Limited	₹28	₹62	55.1%	—	CAUTION
UTKARSHBNK	Utkarsh Small Finance Bank Limited	₹13	₹24	44.6%	6.0x	CAUTION
CENTRALBK	Central Bank of India	₹31	₹51	39.2%	6.8x	UNDERVALUED
CANBK	Canara Bank	₹129	₹204	37.1%	5.3x	UNDERVALUED
CANARABNK	Canara Bank	₹129	₹201	36.1%	—	UNDERVALUED
IDBI	IDBI Bank Limited	₹73	₹99	26.5%	8.1x	FAIRLY VALUED
BANKINDIA	Bank of India	₹140	₹187	25.0%	6.3x	FAIRLY VALUED
MAHABANK	Bank of Maharashtra	₹80	₹105	23.4%	8.6x	FAIRLY VALUED
BANKBARODA	Bank of Baroda	₹267	₹344	22.5%	6.8x	FAIRLY VALUED
UNIONBANK	Union Bank of India	₹161	₹205	21.2%	6.4x	FAIRLY VALUED
PNB	Punjab National Bank	₹103	₹130	20.8%	6.4x	FAIRLY VALUED
DHANBANK	Dhanlaxmi Bank Limited	₹34	₹39	13.6%	12.0x	FAIRLY VALUED
CAPITALSFB	Capital Small Finance Bank Limited	₹282	₹316	10.7%	8.9x	FAIRLY VALUED
SURYODAY	Suryoday Small Finance Bank Limited	₹161	₹176	8.8%	11.7x	FAIRLY VALUED
TMB	Tamilnad Mercantile Bank Limited	₹682	₹724	5.8%	7.9x	FAIRLY VALUED
UCOBANK	UCO Bank	₹25	₹26	5.1%	11.4x	FAIRLY VALUED
CSBBANK	CSB Bank	₹361	₹369	2.1%	9.8x	FAIRLY VALUED
SOUTHBANK	South Indian Bank	₹41	₹41	0.6%	7.0x	FAIRLY VALUED
DCBBANK	DCB Bank	₹181	₹172	-5.0%	8.0x	FAIRLY VALUED
INDUSINDBK	IndusInd Bank	₹910	₹832	-9.4%	77.6x	CAUTION
FINOPB	Fino Payments Bank Limited	₹124	₹109	-13.9%	14.3x	FAIRLY VALUED
INDIANB	Indian Bank	₹825	₹684	-20.5%	9.4x	OVERVALUED
UJJIVANSFB	Ujjivan Small Finance Bank	₹53	₹42	-24.2%	15.9x	OVERVALUED
EQUITASBNK	Equitas Small Finance Bank	₹66	₹51	-28.4%	7.8x	CAUTION
YESBANK	Yes Bank	₹22	₹17	-30.2%	19.7x	OVERVALUED
BANKA	Banka BioLoo Limited	₹82	₹60	-37.1%	—	CAUTION
INDBANK	Indbank Merchant Banking Services Limited	₹33	₹24	-38.9%	21.0x	OVERVALUED
SBIN	State Bank of India	₹950	₹683	-39.0%	10.6x	OVERVALUED
IOB	Indian Overseas Bank	₹33	₹24	-41.1%	12.0x	OVERVALUED
HDFCBANK	HDFC Bank	₹769	₹528	-45.7%	17.1x	OVERVALUED
AXISBANK	Axis Bank	₹1,287	₹869	-48.1%	14.7x	OVERVALUED
BANDHANBNK	Bandhan Bank	₹195	₹125	-55.6%	25.7x	OVERVALUED
PSB	Punjab & Sind Bank	₹24	₹15	-56.9%	12.7x	OVERVALUED
CUB	City Union Bank Limited	₹249	₹150	-65.8%	14.1x	OVERVALUED
KARURVYSYA	Karur Vysya Bank	₹288	₹173	-67.1%	11.5x	OVERVALUED
IDFCFIRSTB	IDFC First Bank	₹69	₹37	-85.0%	36.0x	OVERVALUED
ICICIBANK	ICICI Bank	₹1,267	₹683	-85.4%	16.6x	OVERVALUED
RBLBANK	RBL Bank	₹336	₹180	-86.2%	24.0x	OVERVALUED
FEDERALBNK	Federal Bank	₹287	₹136	-111.0%	16.1x	OVERVALUED
FEDFINA	Fedbank Financial Services Limited	₹155	₹71	-118.9%	16.6x	OVERVALUED
KOTAKBANK	Kotak Mahindra Bank	₹385	₹138	-179.3%	20.0x	OVERVALUED
AUBANK	AU Small Finance Bank	₹982	₹49	-1884.6%	28.3x	OVERVALUED
J&KBANK	The Jammu & Kashmir Bank Limited	—	₹168	—	6.1x	—