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SYNDICATE BANK Surges by 5%; BSE BANKEX Index Up 0.9%

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SYNDICATE BANK Surges by 5%; BSE BANKEX Index Up 0.9%
Tue, 25 Jun 02:40 PM

SYNDICATE BANK share price has zoomed 5% and is presently trading at Rs 38.

Meanwhile, the BSE BANKEX Index is at 34,745 (up 0.9%).

Among the top Gainers in the BSE BANKEX Index today is SYNDICATE BANK (up 5.3%).

INDUSIND BANK (down 0.5%) and YES BANK (down 1.5%) are among the top losers today.

Over the last one year, SYNDICATE BANK has moved down from Rs 45 to Rs 38, registering a loss of Rs 7 (down 15.1%).

On the other hand, the BSE BANKEX has moved up from 29,617 to 34,745, registering a gain of 5,128 points (up 17.2%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 51.5%), ICICI BANK (up 49.8%) and SBI (up 32.4%).

What About the Benchmark Indices?

The BSE Sensex is at 39,427 (up 0.7%).

The top gainers among the BSE Sensex stocks today are NTPC (up 2.5%), AXIS BANK (up 2.3%) and RELIANCE IND. (up 2.2%). Other gainers include TATA STEEL (up 1.5%) and POWER GRID (up 1.3%). The most traded stocks in the BSE Sensex are NTPC and TATA MOTORS.

In the meantime, NSE Nifty is at 11,792 (up 0.7%). BPCL (up 2.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,470 to 39,427, registering a gain of 3,957 points (up 11.1%).

SYNDICATE BANK Financial Update...

SYNDICATE BANK net profit stood at Rs 1 billion for the quarter ended March 2019, compared to a profit of Rs 1 billion a year ago. Operating income rose 2.8% to Rs 56.1 billion during the period as against Rs 54.6 billion in January-March 2018.

For the year ended March 2019, SYNDICATE BANK reported 19.7% decrease in net profit to Rs 25.9 billion compared to net profit of Rs 32.2 billion during FY18.

Revenue of the company grew 0.2% to Rs 217 billion during FY19.

The current Price to earnings ratio of SYNDICATE BANK, based on rolling 12 month earnings, stands at down 37.0x.

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