CORPORATION BANK Plunges by 5%; BSE BANKEX Index Down 1.4%
December 26, 2018 09:52 AM

CORPORATION BANK share price has plunged 5% and is presently trading at Rs 28.

Meanwhile, the BSE BANKEX Index is at 29,886 (down 1.4%).

Among the top losers in the BSE BANKEX Index today is CORPORATION BANK (down 5.0%).

Over the last one year, CORPORATION BANK has moved down from Rs 40 to Rs 28, registering a loss of Rs 12 (down 30.2%)..

The BSE BANKEX has moved up from 29,012 to 29,886, registering a gain of 874 points (up 3.0%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 19.5%), HDFC BANK (up 11.5%) and ICICI BANK (up 9.7%).

What About the Benchmark Indices?

The BSE Sensex is at 35,444 (down 1.1%). The top gainers among the BSE Sensex stocks today are [param_sensex_top5]. The most traded stocks in the BSE Sensex are .

In the meantime, NSE Nifty is at 10,635 (down 1.0%). ZEE ENTERTAINMENT (up 1.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,011 to 35,444, registering a gain of 1,433 points (up 3.2%).

CORPORATION BANK Financial Update...

CORPORATION BANK net profit declined 108.3% YoY to Rs 1 billion for the quarter ended September 2018, compared to a loss of Rs 12 billion a year ago. Operating income declined 9.5% to Rs 39.7 billion during the period as against Rs 43.9 billion in July-September 2017.

For the year ended March 2018, CORPORATION BANK reported 815.8% decrease in net profit to Rs 40.5 billion compared to net profit of Rs 5.7 billion during FY17.

Revenue of the company grew 9.5% to Rs 176 billion during FY18.

The current Price to earnings ratio of CORPORATION BANK, based on rolling 12 month earnings, stands at down 1.6x.