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ANDHRA BANK Surges by 7%; BSE BANKEX Index Up 0.7%

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ANDHRA BANK Surges by 7%; BSE BANKEX Index Up 0.7%
Mon, 1 Apr 09:36 AM

ANDHRA BANK share price has zoomed 7% and is presently trading at Rs 30.

Meanwhile, the BSE BANKEX Index is at 34,442 (up 0.7%).

Among the top Gainers in the BSE BANKEX Index today is ANDHRA BANK (up 6.8%).

KOTAK MAHINDRA BANK is among the top loser today.

Over the last one year, ANDHRA BANK has moved down from Rs 43 to Rs 30, registering a loss of Rs 13 (down 30.6%).

On the other hand, the BSE BANKEX has moved up from 27,098 to 34,442, registering a gain of 7,344 points (up 26.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 56.6%), ICICI BANK (up 55.0%) and SBI (up 31.7%).

What About the Benchmark Indices?

The BSE Sensex is at 38,960 (up 0.7%).

The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 4.2%), TATA MOTORS (up 3.6%) and TATA MOTORS DVR (up 3.1%). Other gainers include TATA STEEL (up 2.5%) and M&M (up 2.0%). The most traded stocks in the BSE Sensex are INFOSYS and HDFC BANK.

In the meantime, NSE Nifty is at 11,700 (up 0.5%). HINDALCO (up 4.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,255 to 38,960, registering a gain of 5,705 points (up 17.1%).

ANDHRA BANK Financial Update...

ANDHRA BANK net profit declined 65.0% YoY to Rs 6 billion for the quarter ended December 2018, compared to a loss of Rs 17 billion a year ago. Operating income rose 5.4% to Rs 48.0 billion during the period as against Rs 45.5 billion in October-December 2017.

For the year ended March 2018, ANDHRA BANK reported 1907.5% decrease in net profit to Rs 33.9 billion compared to net profit of Rs 1.9 billion during FY17.

Revenue of the company grew 0.1% to Rs 182 billion during FY18.

The current Price to earnings ratio of ANDHRA BANK, based on rolling 12 month earnings, stands at down 0.9x.

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