IDFC FIRST BANK Surges by 5%; BSE BANKEX Index Up 0.9%
July 25, 2019 10 am

IDFC FIRST BANK share price has zoomed 5% and is presently trading at Rs 40.

Meanwhile, the BSE BANKEX Index is at 32,977 (up 0.9%).

Among the top Gainers in the BSE BANKEX Index today is IDFC FIRST BANK (up 5.2%).

KOTAK MAHINDRA BANK (down 0.4%) and YES BANK (down 0.9%) are among the top losers today.

Over the last one year, IDFC FIRST BANK has moved up from Rs 39 to Rs 40, registering a gain of Rs 1 (up 2.5%).

On the other hand, the BSE BANKEX has moved up from 29,954 to 32,977, registering a gain of 3,023 points (up 10.0%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 50.3%), AXIS BANK (up 31.9%) and SBI (up 28.3%).

What About the Benchmark Indices?

The BSE Sensex is at 38,170 (up 0.8%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 2.6%), SUN PHARMA (up 1.4%) and HDFC (up 1.4%). Other gainers include HDFC BANK (up 1.4%) and AXIS BANK (up 1.3%). The most traded stocks in the BSE Sensex are SBI and SUN PHARMA.

In the meantime, NSE Nifty is at 11,361 (up 0.7%). BHARTI INFRATEL (up 4.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,825 to 38,170, registering a gain of 1,345 points (up 3.6%).

IDFC FIRST BANK Financial Update...

IDFC FIRST BANK net profit declined 85.8% YoY to Rs 2 billion for the quarter ended March 2019, compared to a loss of Rs 15 billion a year ago. Operating income declined 1.0% to Rs 36.3 billion during the period as against Rs 36.6 billion in January-March 2018.

For the year ended March 2019, IDFC FIRST BANK reported 296.8% decrease in net profit to Rs 18.8 billion compared to net profit of Rs 9.6 billion during FY18.

Revenue of the company grew 34.1% to Rs 122 billion during FY19.

The current Price to earnings ratio of IDFC FIRST BANK, based on rolling 12 month earnings, stands at down 9.7x.