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INDIAN BANK Surges by 8%; BSE BANKEX Index Up 0.8%

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INDIAN BANK Surges by 8%; BSE BANKEX Index Up 0.8%
Thu, 14 Feb 03:34 PM

INDIAN BANK share price has zoomed 8% and is presently trading at Rs 234.

Meanwhile, the BSE BANKEX Index is at 30,242 (up 0.8%).

Among the top Gainers in the BSE BANKEX Index today are INDIAN BANK (up 7.6%) and YES BANK (up 31.4%).

AXIS BANK (down 0.2%) and SBI (down 0.5%) are among the top losers today.

Over the last one year, INDIAN BANK has moved down from Rs 349 to Rs 234, registering a loss of Rs 115 (down 33.2%).

On the other hand, the BSE BANKEX has moved up from 28,609 to 30,242, registering a gain of 1,633 points (up 5.5%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 27.9%), KOTAK MAH. BANK (up 23.5%) and HDFC BANK (up 11.9%).

What About the Benchmark Indices?

The BSE Sensex is at 36,109 (down 0.4%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 31.4%), TATA MOTORS DVR (up 4.0%) and TATA MOTORS (up 2.8%). Other gainers include SUN PHARMA (up 2.4%) and INDUSIND BANK (up 1.4%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 10,793 (down 0.3%). YES BANK (up 31.2%) and INDIABULLS HOU. FIN. (up 6.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,156 to 36,109, registering a gain of 1,953 points (up 5.1%).

INDIAN BANK Financial Update...

INDIAN BANK net profit down at Rs 2 billion for the quarter ended December 2018, compared to a loss of Rs 3 billion a year ago. Operating income rose 10.8% to Rs 48.2 billion during the period as against Rs 43.5 billion in October-December 2017.

For the year ended March 2018, INDIAN BANK reported 9.7% decrease in net profit to Rs 13.1 billion compared to net profit of Rs 14.5 billion during FY17.

Revenue of the company grew 6.7% to Rs 171 billion during FY18.

The current Price to earnings ratio of INDIAN BANK, based on rolling 12 month earnings, stands at 17.4x.

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