5 Bank Stocks with the best asset quality

This post is in continuation of my 5 Stocks Series (see here)

5 Bank Stocks with the best asset quality are given below:

Bank Net NPAs (%)
Yes Bank 0.1
J&K Bank 0.1
HDFC Bank 0.2
ING VYSYA Bank 0.2
IndusInd Bank 0.3

The compounding machine

Today J&K Bank hit its 52 week high intraday.

I confess I have a soft corner for this company and its stock.

Why is that?Because over the years it has proved to be a tremendous compounding machine.

On Jan 1 , 2001 its closing price was 34.3.Today it closed at 895 after hitting an intraday high of 929.8.

If an investor had held onto this stock thru thick and thin, over all these years he would have had a compounded return of close to 35% per annum.

Of course the ride would not have been easy (see chart below)

But it well would have been worth it.