IDFC FIRST BANK at 52 Week High; BSE 500 Index Up 1.0%
March 27, 2019 11:10 AM

IDFC FIRST BANK share price has hit a 52-week high at Rs 54 (up 2.8%).

Meanwhile, the BSE 500 Index is at 15,162 (up 0.6%).

Among the top gainers in the BSE 500 Index today are IDFC FIRST BANK (up 2.8%) and GIC HOUSING (up 8.7%).

RELIANCE COMMUNICATIONS (down 5.0%) and JUBILANT LIFE SCIENCES (down 4.2%) are among the top losers today.

Over the last one year, IDFC FIRST BANK has moved up from Rs 48 to Rs 54, registering a gain of Rs 7 (up 13.47%).

The BSE 500 has moved up from 14,116 to 15,162, registering a gain of 1,046 points (up 7.3%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORGANICS (up 102.2%), ADANI POWER (up 100.4%) and BATA INDIA (up 84.1%).

What About the Benchmark Indices?

The BSE Sensex is at 38,476 (up 0.5%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.2%), YES BANK (up 4.0%) and BAJAJ FINANCE (up 2.0%). Other gainers include SBI (up 1.9%) and VEDANTA LTD (up 1.7%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,546 (up 0.4%). INDUSIND BANK (up 4.2%) and YES BANK (up 3.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 38,476, registering a gain of 5,410 points (up 16.3%).

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 10.9x.