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SOUTH IND.BANK Surges by 5%; BSE BANKEX Index Up 1.8%

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SOUTH IND.BANK Surges by 5%; BSE BANKEX Index Up 1.8%
Tue, 5 Mar 02:52 PM

SOUTH IND.BANK share price has zoomed 5% and is presently trading at Rs 14.

Meanwhile, the BSE BANKEX Index is at 30,869 (up 1.8%).

Among the top Gainers in the BSE BANKEX Index today are SOUTH IND.BANK (up 5.5%) and PNB (up 8.6%).

Over the last one year, SOUTH IND.BANK has moved down from Rs 26 to Rs 14, registering a loss of Rs 12 (down 44.8%).

On the other hand, the BSE BANKEX has moved up from 28,072 to 30,869, registering a gain of 2,797 points (up 9.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 38.6%), ICICI BANK (up 18.7%) and KOTAK MAH. BANK (up 13.0%).

What About the Benchmark Indices?

The BSE Sensex is at 36,406 (up 0.9%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 7.9%), TATA MOTORS DVR (up 6.8%) and AXIS BANK (up 3.7%). Other gainers include HERO MOTOCORP (up 3.7%) and ONGC (up 3.6%). The most traded stocks in the BSE Sensex are TATA MOTORS and YES BANK.

In the meantime, NSE Nifty is at 10,976 (up 1.0%). TATA MOTORS (up 7.9%) and EICHER MOTOR (up 6.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,047 to 36,406, registering a gain of 2,359 points (up 6.9%).

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 9.0x.

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