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IDBI Bank Plunges 4%; BSE BANKEX Index Down 2.7%
Thu, 19 Mar 9:49

IDBI Bank Plunges 4%; BSE BANKEX Index Down 2.7%Image source: ThinkNeo/www.istockphoto.com

IDBI Bank share price has plunged 4% and is presently trading at Rs 72.1.

Meanwhile, the BSE BANKEX index is at 60,533.7 (down 2.7%).

Among the top losers in the BSE BANKEX index today are HDFC Bank (down 4.7%) and IDFC FIRST BANK (down 3.6%).

Over the last one year, IDBI Bank has moved down from Rs 72.3 to Rs 72.1, registering a loss of Rs 0.2 (down 0.3%).

On the other hand, the BSE BANKEX index has moved up from 55,706.8 to 60,533.7, registering a gain of 8.7% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were AU SMALL FINANCE BANK (up 84.3%), Federal Bank (up 49.9%) and SBI (up 46.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 75,017.0 (down 2.2%).

The top losers among the BSE Sensex today are HDFC Bank (down 4.7%) and L&T (down 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,271.0 (down 2.1%). HDFC Bank and Shriram Transport are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 74,170.0 to 75,017.0, registering a gain of 847.1 points (up 1.1%).

IDBI Bank Financial Update...

IDBI Bank net profit grew 1.6% YoY to Rs 19,594 million for the quarter ended December 2025, compared to a profit of Rs 19,291 million a year ago. Net sales declined 9.5% to Rs 70,802 million during the period as against Rs 78,193 million in October-December 2024.

For the year ended March 2025, IDBI Bank reported 31.8% increase in net profit to Rs 76,307 million compared to net profit of Rs 57,881 million during FY24. Revenue of the company grew 9.3% to Rs 289,171 million during FY25.

The current Price to earnings ratio of IDBI Bank, based on rolling 12 month earnings, stands at 8.3.


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