These 5 multibagger bank stocks deliver strong profit growth in Q4. Do you own any?

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    ​Banking on it!

    The Indian banking sector has experienced a notable upswing in the past one year. The BSE Bankex, as well as the benchmark index Sensex, have recorded gains of approximately 24% and 14.5%, respectively within the same period. In the BSE universe, a majority of banking stocks have yielded double-digit returns in the last year.

    ETMarkets is highlighting seven stocks that have provided investors with a wealth increase of over 100%. Among these seven banks, five have already released their financial results for the March quarter, and all have demonstrated a profit growth of over 20% on a year-on-year basis. These seven banking stocks are currently available at a reasonable discount compared to their 52-week high values. Take a look.

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    ​UCO Bank | 1-Year Performance: 141%
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    ​UCO Bank | 1-Year Performance: 141%

    CMP: Rs 27 |52-week high: Rs 38
    The bank's net profit in the March quarter witnessed a remarkable 86% increase to Rs 581 crore as against Rs 312 crore in the same quarter last year.

    ETMarkets.com
    ​Karur Vysya Bank | 1-Year Performance: 120%
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    ​Karur Vysya Bank | 1-Year Performance: 120%

    CMP: Rs 97 |52-week high: Rs 116
    The bank's March quarter result will be declared on May 15, 2023.

    ETMarkets.com
    ​The Karnataka Bank | 1-Year Performance: 116%
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    ​The Karnataka Bank | 1-Year Performance: 116%

    CMP: Rs 132 |52-week high: Rs 169The bank's March quarter result will be declared on May 26, 2023

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    ​Punjab & Sind Bank | 1-Year Performance: 112%
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    ​Punjab & Sind Bank | 1-Year Performance: 112%

    CMP: Rs 32 |52-week high: Rs 45
    The bank's net profit in the March quarter has witnessed a 32% increase to Rs 457 crore, compared with Rs 346 crore in the same quarter last year

    Agencies
    ​The South Indian Bank | 1-Year Performance: 110%
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    ​The South Indian Bank | 1-Year Performance: 110%

    CMP: Rs 16 |52-week high: Rs 22
    The bank's net profit in the March quarter witnessed a 23% increase to Rs 334 crore, compared with Rs 272 crore in the same quarter last year

    ​Union Bank Of India | 1-Year Performance: 102%
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    ​Union Bank Of India | 1-Year Performance: 102%

    CMP: Rs 70 |52-week high: Rs 96
    The bank's net profit in the March quarter witnessed a remarkable 93% increase to Rs 2782 crore as against Rs 1440 crore recorded in the same quarter last year

    ANI
    ​Indian Bank | 1-Year Performance: 100%
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    ​Indian Bank | 1-Year Performance: 100%

    CMP: Rs 289 |52-week high: Rs 335
    The bank's net profit in the March quarter has witnessed a 47% increase to Rs 1447 crore, compared with Rs 984 crore recorded in the same quarter last year

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