FEDERAL BANK Plunges by 6%; BSE BANKEX Index Down 0.7%
March 13, 2020 10:46 AM

FEDERAL BANK share price has plunged 6% and is presently trading at Rs 65.

Meanwhile, the BSE BANKEX Index is at 27,561 (down 0.7%).

Among the top losers in the BSE BANKEX Index today are FEDERAL BANK (down 5.5%) and INDUSIND BANK (down 8.5%).

YES BANK (up 2.6%) and HDFC BANK (up 0.4%) are among the top gainers today.

Over the last one year, FEDERAL BANK has moved down from Rs 90 to Rs 65, registering a loss of Rs 25 (down 28.1%)..

The BSE BANKEX has moved down from 31,903 to 27,561, loss of 4,342 points (down 13.6%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 15.6%) and ICICI BANK (up 9.7%).

What About the Benchmark Indices?

The BSE Sensex is at 32,392 (down 1.5%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 6.0%). The most traded stocks in the BSE Sensex are SBI and HDFC BANK.

In the meantime, NSE Nifty is at 9,520 (down 1.0%). SUN PHARMA (up 7.7%) and YES BANK (up 6.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,536 to 32,392, registering a loss of 5,144 points (down 14.02%).

FEDERAL BANK Financial Update...

FEDERAL BANK net profit stood at Rs 4 billion for the quarter ended December 2019, compared to a profit of Rs 3 billion a year ago. Operating income rose 12.7% to Rs 33.3 billion during the period as against Rs 29.5 billion in October-December 2018.

For the year ended March 2018, FEDERAL BANK reported 6.6% increase in net profit to Rs 9.1 billion compared to net profit of Rs 8.5 billion during FY17.

Revenue of the company grew 12.9% to Rs 99 billion during FY18.

The current Price to earnings ratio of FEDERAL BANK, based on rolling 12 month earnings, stands at 7.2x.