INDIAN BANK Surges by 8%; BSE BANKEX Index Up 1.4%
May 23, 2019 09:20 AM

INDIAN BANK share price has zoomed 8% and is presently trading at Rs 268.

Meanwhile, the BSE BANKEX Index is at 34,671 (up 1.4%).

Among the top Gainers in the BSE BANKEX Index today is INDIAN BANK (up 8.2%).

Over the last one year, INDIAN BANK has moved down from Rs 306 to Rs 268, registering a loss of Rs 38 (down 12.5%).

On the other hand, the BSE BANKEX has moved up from 28,924 to 34,671, registering a gain of 5,747 points (up 19.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 50.9%), ICICI BANK (up 41.7%) and SBI (up 37.4%).

What About the Benchmark Indices?

The BSE Sensex is at 39,592 (up 1.2%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 4.1%), TATA MOTORS DVR (up 2.5%) and BAJAJ FINANCE (up 2.5%). Other gainers include TATA MOTORS (up 2.4%) and SBI (up 2.4%). The most traded stocks in the BSE Sensex are HDFC and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 11,901 (up 1.4%). YES BANK (up 4.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,651 to 39,592, registering a gain of 4,941 points (up 14.3%).

INDIAN BANK Financial Update...

INDIAN BANK net profit down at Rs 2 billion for the quarter ended March 2019, compared to a loss of Rs 2 billion a year ago. Operating income rose 3.0% to Rs 49.7 billion during the period as against Rs 48.2 billion in January-March 2018.

For the year ended March 2018, INDIAN BANK reported 9.7% decrease in net profit to Rs 13.1 billion compared to net profit of Rs 14.5 billion during FY17.

Revenue of the company grew 6.7% to Rs 171 billion during FY18.

The current Price to earnings ratio of INDIAN BANK, based on rolling 12 month earnings, stands at 40.0x.