IDFC Surges by 12%; BSE 500 Index Up 1.0%
June 5, 2020 12:55 PM

IDFC share price has zoomed 12% and is presently trading at Rs 17.

Meanwhile, the BSE 500 Index is at 13,144 (up 1.0%).

Among the top Gainers in the BSE 500 Index today are IDFC (up 11.7%) and VENKYS (I) LIMITED (up 17.5%).

BAYER CROPSCIENCE (down 0.1%) and HDFC LIFE INSURANCE (down 0.1%) are among the top losers today.

Over the last one year, IDFC has moved down from Rs 38 to Rs 17, registering a loss of Rs 21 (down 56.0%).

On the other hand, the BSE 500 has moved down from 15,636 to 13,144, loss of 2,492 points (down 16.1%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 517.1%), NAVIN FLUORINE (up 123.3%) and ABBOTT INDIA (up 114.8%).

What About the Benchmark Indices?

The BSE Sensex is at 34,357 (up 0.6%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 6.2%), SBI (up 3.2%) and ONGC (up 3.1%). Other gainers include POWER GRID (up 2.4%) and NTPC (up 2.0%). The most traded stocks in the BSE Sensex are SBI and TATA STEEL.

In the meantime, NSE Nifty is at 10,148 (up 0.8%). The top gainers in the NSE Nifty include TATA MOTORS (up 8.9%), BHARTI INFRATEL (up 7.6%) and TATA STEEL (up 6.3%). Other gainers include HINDALCO (up 5.1%) and UPL (up 5.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 40,084 to 34,357, registering a loss of 5,727 points (down 14.73%).

IDFC Financial Update...

IDFC net profit down at Rs 25 million for the quarter ended September 2019, compared to a loss of Rs 263 million a year ago. Net Sales rose 6.8% to Rs 90.0 million during the period as against Rs 84.0 million in July-September 2018.

For the year ended March 2019, IDFC reported 170.8% decrease in net profit to Rs 5.5 billion compared to net profit of Rs 7.8 billion during FY18.

Revenue of the company grew 12.5% to Rs 147 million during FY19.

The current Price to earnings ratio of IDFC, based on rolling 12 month earnings, stands at 93.6x.