INDIAN BANK Surges by 5%; BSE BANKEX Index Up 3.0%

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INDIAN BANK Surges by 5%; BSE BANKEX Index Up 3.0%
Mon, 20 May 10:04 AM

INDIAN BANK share price has zoomed 5% and is presently trading at Rs 248.

Meanwhile, the BSE BANKEX Index is at 33,962 (up 3.0%).

Among the top Gainers in the BSE BANKEX Index today are INDIAN BANK (up 5.1%) and SBI (up 5.0%).

Over the last one year, INDIAN BANK has moved down from Rs 302 to Rs 248, registering a loss of Rs 54 (down 17.9%).

On the other hand, the BSE BANKEX has moved up from 29,171 to 33,962, registering a gain of 4,791 points (up 16.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 42.9%), SBI (up 37.7%) and ICICI BANK (up 37.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 38,893 (up 2.2%).

The top gainers among the BSE Sensex stocks today are SBI (up 5.0%), L&T (up 4.8%) and MARUTI SUZUKI (up 4.7%). Other gainers include M&M (up 4.5%) and ICICI BANK (up 4.3%). The most traded stocks in the BSE Sensex are YES BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 11,694 (up 2.2%). INDIABULLS HOU. FIN. (up 6.6%) and ULTRATECH CEMENT (up 5.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,149 to 38,893, registering a gain of 3,744 points (up 10.3%).

INDIAN BANK Financial Update...

INDIAN BANK net profit down at Rs 2 billion for the quarter ended March 2019, compared to a loss of Rs 2 billion a year ago. Operating income rose 3.0% to Rs 49.7 billion during the period as against Rs 48.2 billion in January-March 2018.

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 37.0x.



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