FEDERAL BANK Plunges by 5%; BSE BANKEX Index Down 2.5%
May 22, 2020 02:31 PM

FEDERAL BANK share price has plunged 5% and is presently trading at Rs 40.

Meanwhile, the BSE BANKEX Index is at 20,652 (down 2.5%).

Among the top losers in the BSE BANKEX Index today is FEDERAL BANK (down 5.2%).

KOTAK MAHINDRA BANK (up 0.4%) is among the top gainer today.

Over the last one year, FEDERAL BANK has moved down from Rs 101 to Rs 40, registering a loss of Rs 62 (down 60.7%)..

The BSE BANKEX has moved down from 33,906 to 20,652, loss of 13,254 points (down 39.1%) during the last 12 months.

What About the Benchmark Indices?

The BSE Sensex is at 31,108 (down 0.8%). The top gainers among the BSE Sensex stocks today are INFOSYS (up 2.9%). The most traded stocks in the BSE Sensex are M&M and INFOSYS.

In the meantime, NSE Nifty is at 9,150 (down 0.8%). ZEE ENTERTAINMENT (up 4.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,970 to 31,108, registering a loss of 7,862 points (down 21.24%).

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 4.5x.