SOUTH IND.BANK Surges by 6%; BSE BANKEX Index Up 1.0%
March 11, 2019 01:30 PM

SOUTH IND.BANK share price has zoomed 6% and is presently trading at Rs 16.

Meanwhile, the BSE BANKEX Index is at 31,411 (up 1.0%).

Among the top Gainers in the BSE BANKEX Index today is SOUTH IND.BANK (up 5.8%).

HDFC BANK (down 0.1%) and INDUSIND BANK (down 0.7%) are among the top losers today.

Over the last one year, SOUTH IND.BANK has moved down from Rs 25 to Rs 16, registering a loss of Rs 9 (down 37.6%).

On the other hand, the BSE BANKEX has moved up from 27,560 to 31,411, registering a gain of 3,851 points (up 13.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 42.1%), ICICI BANK (up 27.0%) and KOTAK MAHINDRA BANK (up 15.1%).

What About the Benchmark Indices?

The BSE Sensex is at 37,005 (up 0.9%).

The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 5.1%), NTPC (up 4.6%) and POWER GRID (up 4.2%). Other gainers include COAL INDIA (up 3.9%) and VEDANTA LTD (up 2.7%). The most traded stocks in the BSE Sensex are YES BANK and TATA STEEL.

In the meantime, NSE Nifty is at 11,158 (up 1.1%). HPCL (up 6.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,352 to 37,005, registering a gain of 3,653 points (up 10.9%).

SOUTH IND.BANK Financial Update...

SOUTH IND.BANK net profit down at Rs 838 million for the quarter ended December 2018, compared to a loss of Rs 1 billion a year ago. Operating income rose 10.0% to Rs 17.4 billion during the period as against Rs 15.8 billion in October-December 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.