IDBI BANK Plunges by 6%; BSE BANKEX Index Down 0.7%
February 4, 2019 01:50 PM

IDBI BANK share price has plunged 6% and is presently trading at Rs 53.

Meanwhile, the BSE BANKEX Index is at 30,362 (down 0.7%).

Among the top losers in the BSE BANKEX Index today is IDBI BANK (down 5.9%).

FEDERAL BANK (up 0.6%) and HDFC BANK (up 0.4%) are among the top gainers today.

Over the last one year, IDBI BANK has moved down from Rs 64 to Rs 53, registering a loss of Rs 10 (down 16.1%)..

The BSE BANKEX has moved down from 30,788 to 30,362, loss of 426 points (down 1.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 20.8%), KOTAK MAH. BANK (up 12.6%) and HDFC BANK (up 5.4%).

What About the Benchmark Indices?

The BSE Sensex is at 36,456 (down 0.5%). The top gainers among the BSE Sensex stocks today are ONGC (up 2.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and ONGC.

In the meantime, NSE Nifty is at 10,879 (down 0.5%). TITAN COMPANY (up 4.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,907 to 36,456, registering a gain of 549 points (up 1.1%).

IDBI BANK Financial Update...

IDBI BANK net profit down at Rs 36 billion for the quarter ended September 2018, compared to a loss of Rs 15 billion a year ago. Operating income declined 7.6% to Rs 53.6 billion during the period as against Rs 58.0 billion in July-September 2017.

For the year ended March 2018, IDBI BANK reported 61.8% increase in net profit to Rs 81.5 billion compared to net profit of Rs 50.3 billion during FY17.

Revenue of the company grew 17.1% to Rs 230 billion during FY18.

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