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IDFC BANK LTD Surges by 5%; BSE BANKEX Index Up 0.6%

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IDFC BANK LTD Surges by 5%; BSE BANKEX Index Up 0.6%
Wed, 16 Jan 12:26 PM

IDFC BANK LTD share price has zoomed 5% and is presently trading at Rs 49.

Meanwhile, the BSE BANKEX Index is at 30,940 (up 0.6%).

Among the top Gainers in the BSE BANKEX Index today is IDFC BANK LTD (up 5.0%).

KOTAK MAH. BANK (down 0.6%) is among the top loser today.

Over the last one year, IDFC BANK LTD has moved down from Rs 64 to Rs 49, registering a loss of Rs 15 (down 23.3%).

On the other hand, the BSE BANKEX has moved up from 29,462 to 30,940, registering a gain of 1,478 points (up 4.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 18.4%), KOTAK MAH. BANK (up 16.0%) and ICICI BANK (up 14.4%).

What About the Benchmark Indices?

The BSE Sensex is at 36,462 (up 0.2%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 1.9%), ICICI BANK (up 1.1%) and NTPC (up 1.1%). Other gainers include L&T (up 1.1%) and SBI (up 1.0%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 10,928 (up 0.2%). WIPRO (up 2.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,844 to 36,462, registering a gain of 1,618 points (up 4.4%).

IDFC BANK LTD Financial Update...

IDFC BANK LTD net profit down at Rs 4 billion for the quarter ended September 2018, compared to a loss of Rs 1 billion a year ago. Operating income rose 2.2% to Rs 23.3 billion during the period as against Rs 22.8 billion in July-September 2017.

For the year ended March 2018, IDFC BANK LTD reported 15.7% decrease in net profit to Rs 8.6 billion compared to net profit of Rs 10.2 billion during FY17.

Revenue of the company grew 4.7% to Rs 89 billion during FY18.

The current Price to earnings ratio of IDFC BANK LTD, based on rolling 12 month earnings, stands at down 188562.5x.

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