ANDHRA BANK Surges by 13%; BSE BANKEX Index Up 0.5%
April 1, 2019 09:50 AM

ANDHRA BANK share price has zoomed 13% and is presently trading at Rs 32.

Meanwhile, the BSE BANKEX Index is at 34,442 (up 0.5%).

Among the top Gainers in the BSE BANKEX Index today is ANDHRA BANK (up 12.6%).

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

Over the last one year, ANDHRA BANK has moved down from Rs 43 to Rs 32, registering a loss of Rs 12 (down 26.8%).

On the other hand, the BSE BANKEX has moved up from 27,098 to 34,442, registering a gain of 7,344 points (up 26.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 55.6%), ICICI BANK (up 55.3%) and SBI (up 31.6%).

What About the Benchmark Indices?

The BSE Sensex is at 38,960 (up 0.6%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 4.6%), TATA MOTORS (up 4.3%) and TATA MOTORS DVR (up 3.6%). Other gainers include TATA STEEL (up 2.4%) and L&T (up 2.1%). The most traded stocks in the BSE Sensex are INFOSYS and HDFC.

In the meantime, NSE Nifty is at 11,700 (up 0.6%). HINDALCO (up 5.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,255 to 38,960, registering a gain of 5,705 points (up 17.0%).

ANDHRA BANK Financial Update...

ANDHRA BANK net profit declined 65.0% YoY to Rs 6 billion for the quarter ended December 2018, compared to a loss of Rs 17 billion a year ago. Operating income rose 5.4% to Rs 48.0 billion during the period as against Rs 45.5 billion in October-December 2017.

For the year ended March 2018, ANDHRA BANK reported 1907.5% decrease in net profit to Rs 33.9 billion compared to net profit of Rs 1.9 billion during FY17.

Revenue of the company grew 0.1% to Rs 182 billion during FY18.

The current Price to earnings ratio of ANDHRA BANK, based on rolling 12 month earnings, stands at down 0.9x.