SOUTH IND.BANK Surges by 6%; BSE BANKEX Index Up 0.4%

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SOUTH IND.BANK Surges by 6%; BSE BANKEX Index Up 0.4%
Thu, 7 Feb 10:32 AM

SOUTH IND.BANK share price has zoomed 6% and is presently trading at Rs 14.

Meanwhile, the BSE BANKEX Index is at 30,838 (up 0.4%).

Among the top Gainers in the BSE BANKEX Index today is SOUTH IND.BANK (up 6.3%).

HDFC BANK (down 0.2%) and INDUSIND BANK (down 0.7%) are among the top losers today.

Over the last one year, SOUTH IND.BANK has moved down from Rs 27 to Rs 14, registering a loss of Rs 13 (down 48.8%).

On the other hand, the BSE BANKEX has moved up from 29,197 to 30,838, registering a gain of 1,641 points (up 5.6%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 29.7%), KOTAK MAH. BANK (up 24.2%) and HDFC BANK (up 11.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 37,146 (up 0.4%).

The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 4.0%), BAJAJ AUTO (up 3.4%) and TATA MOTORS (up 2.4%). Other gainers include YES BANK (up 2.2%) and TATA MOTORS DVR (up 2.2%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 11,102 (up 0.3%). SUN PHARMA (up 3.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,196 to 37,146, registering a gain of 2,950 points (up 8.5%).

SOUTH IND.BANK Financial Update...

SOUTH IND.BANK net profit down at Rs 838 million for the quarter ended December 2018, compared to a loss of Rs 1 billion a year ago. Operating income rose 10.0% to Rs 17.4 billion during the period as against Rs 15.8 billion in October-December 2017.

For the year ended March 2018, SOUTH IND.BANK reported 14.7% decrease in net profit to Rs 3.3 billion compared to net profit of Rs 3.9 billion during FY17.

Revenue of the company grew 5.9% to Rs 62 billion during FY18.

The current Price to earnings ratio of SOUTH IND.BANK, based on rolling 12 month earnings, stands at 8.5x.



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