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ALLAHABAD BANK Surges by 5%; BSE BANKEX Index Up 0.3%

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ALLAHABAD BANK Surges by 5%; BSE BANKEX Index Up 0.3%
Fri, 15 Feb 09:20 AM

ALLAHABAD BANK share price has zoomed 5% and is presently trading at Rs 44.

Meanwhile, the BSE BANKEX Index is at 30,281 (up 0.3%).

Among the top Gainers in the BSE BANKEX Index today is ALLAHABAD BANK (up 5.4%).

PNB (down 0.3%) is among the top loser today.

Over the last one year, ALLAHABAD BANK has moved down from Rs 56 to Rs 44, registering a loss of Rs 12 (down 23.1%).

On the other hand, the BSE BANKEX has moved up from 28,609 to 30,281, registering a gain of 1,672 points (up 5.8%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 28.6%), KOTAK MAH. BANK (up 23.5%) and HDFC BANK (up 12.0%).

What About the Benchmark Indices?

The BSE Sensex is at 35,986 (up 0.3%).

The top gainers among the BSE Sensex stocks today are ONGC (up 5.2%), YES BANK (up 2.7%) and INDUSIND BANK (up 1.5%). Other gainers include L&T (up 1.2%) and BAJAJ FINANCE (up 0.9%). The most traded stocks in the BSE Sensex are INDUSIND BANK and AXIS BANK.

In the meantime, NSE Nifty is at 10,780 (up 0.3%). ONGC (up 4.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,156 to 35,986, registering a gain of 1,830 points (up 5.4%).

ALLAHABAD BANK Financial Update...

ALLAHABAD BANK net profit declined 42.0% YoY to Rs 7 billion for the quarter ended December 2018, compared to a loss of Rs 13 billion a year ago. Operating income declined 0.4% to Rs 42.3 billion during the period as against Rs 42.4 billion in October-December 2017.

For the year ended March 2018, ALLAHABAD BANK reported 1484.0% increase in net profit to Rs 45.9 billion compared to net profit of Rs 2.9 billion during FY17.

Revenue of the company grew 7.3% to Rs 164 billion during FY18.

The current Price to earnings ratio of ALLAHABAD BANK, based on rolling 12 month earnings, stands at down 0.5x.

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