IDFC FIRST BANK at 52 Week High; BSE 500 Index Up 1.0%
March 18, 2019 09:24 AM

IDFC FIRST BANK share price has hit a 52-week high at Rs 53 (up 1.3%).

Meanwhile, the BSE 500 Index is at 15,146 (up 0.7%).

Among the top gainers in the BSE 500 Index today are IDFC FIRST BANK (up 1.3%) and ZENSAR TECHNOLOGIES (up 6.5%).

RELIANCE COMMUNICATIONS (down 7.0%) and TEXMACO RAIL (down 6.2%) are among the top losers today.

Over the last one year, IDFC FIRST BANK has moved up from Rs 50 to Rs 53, registering a gain of Rs 3 (up 5.07%).

The BSE 500 has moved up from 14,470 to 15,146, registering a gain of 676 points (up 4.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 80.8%), BAJAJ FINANCE (up 66.8%) and DIVIS LABORATORIES (up 57.9%).

What About the Benchmark Indices?

The BSE Sensex is at 38,321 (up 0.8%). The top gainers among the BSE Sensex stocks today are HDFC BANK (up 1.5%), POWER GRID (up 1.5%) and BHARTI AIRTEL (up 1.4%). Other gainers include M&M (up 1.3%) and INDUSIND BANK (up 1.2%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,514 (up 0.7%). IOC (up 4.2%) and KOTAK MAHINDRA BANK (up 2.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,686 to 38,321, registering a gain of 4,635 points (up 13.7%).

IDFC FIRST BANK Financial Update...

IDFC FIRST BANK net profit down at Rs 15 billion for the quarter ended December 2018, compared to a loss of Rs 1 billion a year ago. Operating income rose 60.4% to Rs 36.6 billion during the period as against Rs 22.8 billion in October-December 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 10.7x.