INDUSIND BANK Share Price Up by 5%; BSE BANKEX Index Up 0.3%

Fri, 29 Jan 12:10 PM

INDUSIND BANK share price has zoomed 5% and is presently trading at Rs 844.

Meanwhile, the BSE BANKEX Index is at 34,861 (up 0.3%).

Among the top Gainers in the BSE BANKEX Index today is INDUSIND BANK (up 5.0%).

KOTAK MAHINDRA BANK and SBI (down 0.7%) are among the top losers today.

Over the last one year, INDUSIND BANK has moved down from Rs 1,272 to Rs 844, registering a loss of Rs 428 (down 33.7%).

On the other hand, the BSE BANKEX has moved down from 35,248 to 34,861, loss of 387 points (down 2.0%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were HDFC BANK (up 14.2%) and KOTAK MAHINDRA BANK (up 6.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 47,424 (down 0.1%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 5.0%), M&M (up 2.3%) and BAJAJ FINANCE (up 1.9%). Other gainers include HDFC BANK (up 1.1%) and ICICI BANK (up 1.1%). The most traded stocks in the BSE Sensex are RELIANCE IND. and INDUSIND BANK.

In the meantime, NSE Nifty is at 13,967 (down 0.2%). The top gainers in the NSE Nifty include INDUSIND BANK (up 4.9%), M&M (up 2.5%) and BAJAJ FINANCE (up 2.0%). Other gainers include IOC (up 1.6%) and TATA MOTORS (up 1.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,155 to 47,424, registering a gain of 6,269 points (up 13.74%).

INDUSIND BANK Financial Update...

INDUSIND BANK net profit down at Rs 6 billion for the quarter ended September 2020, compared to a loss of Rs 13 billion a year ago. Operating income declined 1.5% to Rs 71.8 billion during the period as against Rs 72.8 billion in July-September 2019.

For the year ended March 2020, INDUSIND BANK reported 35.0% increase in net profit to Rs 44.6 billion compared to net profit of Rs 33.0 billion during FY19.

Revenue of the company grew 29.3% to Rs 288 billion during FY20.

The current Price to earnings ratio of INDUSIND BANK, based on rolling 12 month earnings, stands at 21.6x.

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