DENA BANK Plunges by 19%; BSE BANKEX Index Up 0.2%
January 3, 2019 09:20 AM

DENA BANK share price has plunged 19% and is presently trading at Rs 15.

Meanwhile, the BSE BANKEX Index is at 30,453 (up 0.2%).

Among the top losers in the BSE BANKEX Index today is DENA BANK (down 18.7%).

BANK OF BARODA (up 2.1%) and YES BANK (up 0.5%) are among the top gainers today.

Over the last one year, DENA BANK has moved down from Rs 25 to Rs 15, registering a loss of Rs 11 (down 42.4%)..

The BSE BANKEX has moved up from 28,589 to 30,453, registering a gain of 1,864 points (up 6.5%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 24.3%), ICICI BANK (up 18.2%) and HDFC BANK (up 13.5%).

What About the Benchmark Indices?

The BSE Sensex is at 35,934 (up 0.1%). The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 2.3%). The most traded stocks in the BSE Sensex are HDFC and SBI.

In the meantime, NSE Nifty is at 10,797 . BAJAJ FINSERV (up 0.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,812 to 35,934, registering a gain of 2,122 points (up 6.3%).

DENA BANK Financial Update...

DENA BANK net profit down at Rs 4 billion for the quarter ended September 2018, compared to a loss of Rs 4 billion a year ago. Operating income declined 3.5% to Rs 21.8 billion during the period as against Rs 22.6 billion in July-September 2017.

For the year ended March 2018, DENA BANK reported 122.7% increase in net profit to Rs 19.2 billion compared to net profit of Rs 8.6 billion during FY17.

Revenue of the company grew 12.3% to Rs 89 billion during FY18.

The current Price to earnings ratio of DENA BANK, based on rolling 12 month earnings, stands at down 1.2x.