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INDUSIND BANK Surges by 5%; BSE BANKEX Index Up 0.8%

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INDUSIND BANK Surges by 5%; BSE BANKEX Index Up 0.8%
Wed, 27 Mar 02:54 PM

INDUSIND BANK share price has zoomed 5% and is presently trading at Rs 1,808.

Meanwhile, the BSE BANKEX Index is at 33,935 (up 0.8%).

Among the top Gainers in the BSE BANKEX Index today are INDUSIND BANK (up 5.0%) and YES BANK (up 5.3%).

HDFC BANK and KOTAK MAHINDRA BANK (down 0.4%) are among the top losers today.

Over the last one year, INDUSIND BANK has moved up from Rs 1,760 to Rs 1,808, registering a gain of Rs 48 (up 2.4%).

On the other hand, the BSE BANKEX has moved up from 27,121 to 33,935, registering a gain of 6,814 points (up 24.3%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 50.1%), ICICI BANK (up 40.3%) and KOTAK MAHINDRA BANK (up 28.7%).

What About the Benchmark Indices?

The BSE Sensex is at 38,476 .

The top gainers among the BSE Sensex stocks today are YES BANK (up 5.3%), INDUSIND BANK (up 5.0%) and SBI (up 1.6%). Other gainers include BAJAJ AUTO (up 1.0%) and BAJAJ FINANCE (up 0.9%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,546 (down 0.1%). YES BANK (up 5.3%) and INDUSIND BANK (up 4.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 38,476, registering a gain of 5,410 points (up 15.6%).

INDUSIND BANK Financial Update...

INDUSIND BANK net profit stood at Rs 10 billion for the quarter ended December 2018, compared to a profit of Rs 9 billion a year ago. Operating income rose 34.4% to Rs 57.6 billion during the period as against Rs 42.9 billion in October-December 2017.

For the year ended March 2018, INDUSIND BANK reported 25.7% increase in net profit to Rs 36.1 billion compared to net profit of Rs 28.7 billion during FY17.

Revenue of the company grew 20.0% to Rs 173 billion during FY18.

The current Price to earnings ratio of INDUSIND BANK, based on rolling 12 month earnings, stands at 27.8x.

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