IDFC FIRST BANK Plunges by 5%; BSE BANKEX Index Up 0.3%
February 6, 2019 10:22 AM

IDFC FIRST BANK share price has plunged 5% and is presently trading at Rs 43.

Meanwhile, the BSE BANKEX Index is at 30,744 (up 0.3%).

Among the top losers in the BSE BANKEX Index today is IDFC FIRST BANK (down 5.5%).

ICICI BANK (up 1.4%) and KOTAK MAH. BANK (up 0.4%) are among the top gainers today.

Over the last one year, IDFC FIRST BANK has moved down from Rs 53 to Rs 43, registering a loss of Rs 10 (down 19.6%)..

The BSE BANKEX has moved up from 29,577 to 30,744, registering a gain of 1,167 points (up 3.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 28.4%), KOTAK MAH. BANK (up 20.9%) and HDFC BANK (up 10.9%).

What About the Benchmark Indices?

The BSE Sensex is at 36,894 (up 0.5%). The top gainers among the BSE Sensex stocks today are INFOSYS LTD (up 1.4%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 11,019 (up 0.5%). ZEE ENTERTAINMENT (up 5.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,757 to 36,894, registering a gain of 2,137 points (up 5.9%).

IDFC FIRST BANK Financial Update...

IDFC FIRST BANK net profit down at Rs 4 billion for the quarter ended September 2018, compared to a loss of Rs 1 billion a year ago. Operating income rose 2.2% to Rs 23.3 billion during the period as against Rs 22.8 billion in July-September 2017.

For the year ended March 2018, IDFC FIRST BANK reported 15.7% decrease in net profit to Rs 8.6 billion compared to net profit of Rs 10.2 billion during FY17.

Revenue of the company grew 4.7% to Rs 89 billion during FY18.

The current Price to earnings ratio of IDFC FIRST BANK, based on rolling 12 month earnings, stands at down 154713.1x.