Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

IDBI Bank Plunges 7%; BSE BANKEX Index Down 2.4%
Fri, 13 Mar 16:21

IDBI Bank Plunges 7%; BSE BANKEX Index Down 2.4%Image source: KanawatTH/www.istockphoto.com

IDBI Bank share price has plunged 7% and is presently trading at Rs 92.3.

Meanwhile, the BSE BANKEX index is at 60,462.9 (down 2.4%).

Among the top losers in the BSE BANKEX index today are SBI (down 3.7%) and IDFC FIRST BANK (down 3.4%).

Over the last one year, IDBI Bank has moved up from Rs 72.7 to Rs 92.3, registering a gain of Rs 19.6 (up 26.9%).

On the other hand, the BSE BANKEX index has moved up from 55,034.2 to 60,462.9, registering a gain of 9.9% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were AU SMALL FINANCE BANK (up 69.1%), Federal Bank (up 46.6%) and SBI (up 43.2%).

Anniversary Exclusive: Get StockSelect at Its Lowest Price

What About the Benchmark Indices?

The BSE Sensex is at 74,563.9 (down 1.9%).

The top losers among the BSE Sensex today are L&T (down 7.4%) and Tata Steel (down 5.3%). The most traded stocks in the BSE Sensex are Tata Motors and Eternal Ltd.

In the meantime, NSE Nifty is at 23,153.2 (down 2.1%). L&T and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 74,102.3 to 74,563.9, registering a gain of 461.6 points (up 0.6%).

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 10.7.


Equitymaster requests your view! Post a comment on "IDBI Bank Plunges 7%; BSE BANKEX Index Down 2.4%". Click here!