SOUTH IND.BANK Surges by 10%; BSE BANKEX Index Up 0.3%
October 16, 2018 09:20 AM

SOUTH IND.BANK share price has zoomed 10% and is presently trading at Rs 14.

Meanwhile, the BSE BANKEX Index is at 28,424 (up 0.3%).

Among the top Gainers in the BSE BANKEX Index today is SOUTH IND.BANK (up 10.0%).

KOTAK MAH. BANK (down 0.3%) is among the top loser today.

Over the last one year, SOUTH IND.BANK has moved down from Rs 32 to Rs 14, registering a loss of Rs 19 (down 57.2%).

On the other hand, the BSE BANKEX has moved up from 27,748 to 28,424, registering a gain of 676 points (up 2.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 14.8%), AXIS BANK (up 10.8%) and HDFC BANK (up 8.2%).

What About the Benchmark Indices?

The BSE Sensex is at 35,004 (up 0.4%).

The top gainers among the BSE Sensex stocks today are WIPRO (up 1.4%), INFOSYS LTD (up 1.4%) and ONGC (up 1.3%). Other gainers include TATA MOTORS DVR (up 1.1%) and M&M (up 0.9%). The most traded stocks in the BSE Sensex are YES BANK and ADANI PORTS & SEZ.

In the meantime, NSE Nifty is at 10,556 (up 0.4%). INDIABULLS HOU. FIN. (up 2.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,634 to 35,004, registering a gain of 2,370 points (up 7.3%).

SOUTH IND.BANK Financial Update...

SOUTH IND.BANK net profit down at Rs 230 million for the quarter ended June 2018, compared to a loss of Rs 1 billion a year ago. Operating income rose 4.9% to Rs 16.5 billion during the period as against Rs 15.8 billion in April-June 2017.

For the year ended March 2018, SOUTH IND.BANK reported 14.7% decrease in net profit to Rs 3.3 billion compared to net profit of Rs 3.9 billion during FY17.

Revenue of the company grew 5.9% to Rs 62 billion during FY18.

The current Price to earnings ratio of SOUTH IND.BANK, based on rolling 12 month earnings, stands at 9.8x.