Bank Nifty Vs ICICI Bank

Let's think from the Investor point of view, Bank Nifty was trading roughly @ 31,555.90 and ICICI Bank was trading roughly @ 497.80 a year ago

If I invest in Bank Nifty or in ICICI Bank a year ago, my intension would be to get slightly higher returns than I invest in these banks FD's or any other forms directly but now it is trading below the breakeven

Also when we compare the charts of Bank Nifty and ICICI Bank, there is no much difference in the movement

However, when we compare HDFC Bank returns, it is trading at all time high

Now, by considering Year on Year basis (Jan to Dec), the last month of the year December 2020 will be a testing month for ICICI Bank to catch up the breakeven or go beyond the ATH to keep investors not moving away from them. Lets have our fingers crossed and wait for the last 1 month of the year.

Best Regards,

B G Nareshkumar