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IDBI BANK Surges by 5%; BSE BANKEX Index Up 0.4%

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IDBI BANK Surges by 5%; BSE BANKEX Index Up 0.4%
Wed, 9 Jan 09:32 AM

IDBI BANK share price has zoomed 5% and is presently trading at Rs 66.

Meanwhile, the BSE BANKEX Index is at 31,158 (up 0.4%).

Among the top Gainers in the BSE BANKEX Index today is IDBI BANK (up 5.1%).

YES BANK (down 0.3%) and INDUSIND BANK (down 0.3%) are among the top losers today.

Over the last one year, IDBI BANK has moved up from Rs 63 to Rs 66, registering a gain of Rs 3 (up 3.4%).

On the other hand, the BSE BANKEX has moved up from 29,037 to 31,158, registering a gain of 2,121 points (up 7.0%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 22.5%), ICICI BANK (up 21.6%) and AXIS BANK (up 16.8%).

What About the Benchmark Indices?

The BSE Sensex is at 36,251 (up 0.6%).

The top gainers among the BSE Sensex stocks today are INFOSYS LTD (up 1.8%), AXIS BANK (up 1.5%) and TATA MOTORS (up 1.2%). Other gainers include SUN PHARMA (up 1.2%) and MARUTI SUZUKI (up 1.1%). The most traded stocks in the BSE Sensex are TATA MOTORS and INFOSYS LTD.

In the meantime, NSE Nifty is at 10,869 (up 0.5%). AXIS BANK (up 1.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,353 to 36,251, registering a gain of 1,898 points (up 5.3%).

IDBI BANK Financial Update...

IDBI BANK net profit down at Rs 36 billion for the quarter ended September 2018, compared to a loss of Rs 15 billion a year ago. Operating income declined 7.6% to Rs 53.6 billion during the period as against Rs 58.0 billion in July-September 2017.

For the year ended March 2018, IDBI BANK reported 61.8% increase in net profit to Rs 81.5 billion compared to net profit of Rs 50.3 billion during FY17.

Revenue of the company grew 17.1% to Rs 230 billion during FY18.

The current Price to earnings ratio of IDBI BANK, based on rolling 12 month earnings, stands at down 1.5x.

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Stock Market Updates

INDIAN BANK Surges by 5%; BSE BANKEX Index Up 0.5% (Today's Market)

Aug 26, 2019 10:32 AM

INDIAN BANK share price has surged by 5% and its current market price is Rs 177. The BSE BANKEX is up by 0.5%. The top gainers in the BSE BANKEX Index is INDIAN BANK (up 5.4%). The top losers are FEDERAL BANK (down 0.2%) and CITY UNION BANK (down 0.8%).

INDIABULLS REAL EST Surges by 5%; BSE REALTY Index Up 0.2% (Today's Market)

Aug 26, 2019 10:26 AM

INDIABULLS REAL EST share price has surged by 5% and its current market price is Rs 71. The BSE REALTY is up by 0.2%. The top gainers in the BSE REALTY Index is INDIABULLS REAL EST (up 5.3%). The top losers are DLF (down 1.1%) and OBEROI REALTY (down 1.2%).

JSW STEEL Plunges by 5%; BSE METAL Index Down 4.5% (Today's Market)

Aug 26, 2019 10:16 AM

JSW STEEL share price has plunged by 5% and its current market price is Rs 224. The BSE METAL is down by 4.5%. The top gainers in the BSE METAL Index [TOPCOMPANY]. The top losers are JSW STEEL (down 5.2%) and TATA STEEL (down 6.1%).

The BSE METAL Index Down 4% ; VEDANTA LTD Among Top Losers (Today's Market)

Aug 26, 2019 10:10 AM

The BSE METAL Index Down at 8,622 (down 4.3%). Among the top losers in the BSE METAL Index today are VEDANTA LTD, TATA STEEL and JSW STEEL. Meanwhile, the BSE Sensex has plunged 0.4% to 37,364.

TATA STEEL Plunges by 5%; BSE METAL Index Down 4.2% (Today's Market)

Aug 26, 2019 10:08 AM

TATA STEEL share price has plunged by 5% and its current market price is Rs 348. The BSE METAL is down by 4.2%. The top gainers in the BSE METAL Index [TOPCOMPANY]. The top losers are TATA STEEL (down 5.0%) and VEDANTA LTD (down 5.0%).

Sensex Opens Higher; Banking and Metal Stocks Rally (Today's Market)

Aug 26, 2019 09:30 am

Asian share markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.2% while the Hang Seng is down 2.9%.

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