INDUSIND BANK Surges by 10%; BSE BANKEX Index Up 1.0%
March 26, 2020 09:28 AM

INDUSIND BANK share price has zoomed 10% and is presently trading at Rs 331.

Meanwhile, the BSE BANKEX Index is at 21,747 (up 1.0%).

Among the top Gainers in the BSE BANKEX Index today are INDUSIND BANK (up 10.0%) and AXIS BANK (up 6.2%).

SBI (down 1.0%) and KOTAK MAHINDRA BANK (down 1.4%) are among the top losers today.

Over the last one year, INDUSIND BANK has moved down from Rs 1,684 to Rs 331, registering a loss of Rs 1,353 (down 80.3%).

On the other hand, the BSE BANKEX has moved down from 32,724 to 21,747, loss of 10,977 points (down 34.2%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 29,084 (up 1.1%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 10.0%), AXIS BANK (up 6.2%) and TECH MAHINDRA (up 5.1%). Other gainers include INFOSYS (up 4.8%) and SUN PHARMA (up 4.0%). The most traded stocks in the BSE Sensex are ICICI BANK and AXIS BANK.

In the meantime, NSE Nifty is at 8,461 (up 1.0%). The top gainers in the NSE Nifty include INDUSIND BANK (up 10.0%), AXIS BANK (up 7.1%) and TECH MAHINDRA (up 4.8%). Other gainers include INFOSYS (up 4.8%) and BHARTI INFRATEL (up 4.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 29,084, registering a loss of 8,725 points (down 23.71%).

INDUSIND BANK Financial Update...

INDUSIND BANK net profit stood at Rs 13 billion for the quarter ended December 2019, compared to a profit of Rs 10 billion a year ago. Operating income rose 26.4% to Rs 72.8 billion during the period as against Rs 57.6 billion in October-December 2018.

For the year ended March 2019, INDUSIND BANK reported 8.5% decrease in net profit to Rs 33.0 billion compared to net profit of Rs 36.1 billion during FY18.

Revenue of the company grew 28.8% to Rs 223 billion during FY19.

The current Price to earnings ratio of INDUSIND BANK, based on rolling 12 month earnings, stands at 4.5x.