BANDHAN BANK LTD Plunges by 11%; BSE BANKEX Index Down 6.7%
March 16, 2020 01:52 PM

BANDHAN BANK LTD share price has plunged 11% and is presently trading at Rs 320.

Meanwhile, the BSE BANKEX Index is at 27,685 (down 6.7%).

Among the top losers in the BSE BANKEX Index today are BANDHAN BANK LTD (down 10.8%) and INDUSIND BANK (down 17.3%).

YES BANK (up 43.6%) is among the top gainer today.

Over the last one year, BANDHAN BANK LTD has moved down from Rs 518 to Rs 320, registering a loss of Rs 198 (down 38.2%)..

The BSE BANKEX has moved down from 32,356 to 27,685, loss of 4,671 points (down 14.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 12.0%) and ICICI BANK (up 4.9%).

What About the Benchmark Indices?

The BSE Sensex is at 33,103 (down 5.7%). The top gainers among the BSE Sensex stocks today are BAJAJ AUTO (up 0.5%). The most traded stocks in the BSE Sensex are BAJAJ AUTO.

In the meantime, NSE Nifty is at 9,602 (down 5.7%). YES BANK (up 43.2%) and BAJAJ AUTO (up 0.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,752 to 33,103, registering a loss of 4,649 points (down 14.79%).

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 11.4x.