BANDHAN BANK LTD Surges by 5%; BSE BANKEX Index Up 1.3%
March 2, 2020 12:03 PM

BANDHAN BANK LTD share price has zoomed 5% and is presently trading at Rs 402.

Meanwhile, the BSE BANKEX Index is at 34,178 (up 1.3%).

Among the top Gainers in the BSE BANKEX Index today is BANDHAN BANK LTD (up 5.1%).

BANK OF BARODA (down 0.8%) and KOTAK MAHINDRA BANK (down 1.1%) are among the top losers today.

Over the last one year, BANDHAN BANK LTD has moved down from Rs 480 to Rs 402, registering a loss of Rs 78 (down 16.4%).

On the other hand, the BSE BANKEX has moved up from 30,027 to 34,178, registering a gain of 4,151 points (up 12.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 48.4%), KOTAK MAHINDRA BANK (up 32.1%) and CITY UNION BANK (up 16.8%).

What About the Benchmark Indices?

The BSE Sensex is at 39,083 (up 1.7%).

The top gainers among the BSE Sensex stocks today are ICICI BANK (up 4.3%), HCL TECHNOLOGIES (up 4.3%) and INFOSYS (up 4.0%). Other gainers include NESTLE (up 3.4%) and POWER GRID (up 2.5%). The most traded stocks in the BSE Sensex are SBI and TATA STEEL.

In the meantime, NSE Nifty is at 11,433 (up 1.7%). EICHER MOTOR (up 4.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,867 to 39,083, registering a gain of 3,216 points (up 8.6%).

BANDHAN BANK LTD Financial Update...

BANDHAN BANK LTD net profit stood at Rs 7 billion for the quarter ended December 2019, compared to a profit of Rs 3 billion a year ago. Operating income rose 64.7% to Rs 27.2 billion during the period as against Rs 16.5 billion in October-December 2018.

For the year ended March 2019, BANDHAN BANK LTD reported 45.0% increase in net profit to Rs 19.5 billion compared to net profit of Rs 13.5 billion during FY18.

Revenue of the company grew 38.4% to Rs 66 billion during FY19.

The current Price to earnings ratio of BANDHAN BANK LTD, based on rolling 12 month earnings, stands at 15.7x.