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INDIAN BANK Surges by 8%; BSE BANKEX Index Up 1.4%

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INDIAN BANK Surges by 8%; BSE BANKEX Index Up 1.4%
Thu, 23 May 09:20 AM

INDIAN BANK share price has zoomed 8% and is presently trading at Rs 268.

Meanwhile, the BSE BANKEX Index is at 34,671 (up 1.4%).

Among the top Gainers in the BSE BANKEX Index today is INDIAN BANK (up 8.2%).

Over the last one year, INDIAN BANK has moved down from Rs 306 to Rs 268, registering a loss of Rs 38 (down 12.5%).

On the other hand, the BSE BANKEX has moved up from 28,924 to 34,671, registering a gain of 5,747 points (up 19.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 50.9%), ICICI BANK (up 41.7%) and SBI (up 37.4%).

What About the Benchmark Indices?

The BSE Sensex is at 39,592 (up 1.2%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 4.1%), TATA MOTORS DVR (up 2.5%) and BAJAJ FINANCE (up 2.5%). Other gainers include TATA MOTORS (up 2.4%) and SBI (up 2.4%). The most traded stocks in the BSE Sensex are HDFC and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 11,901 (up 1.4%). YES BANK (up 4.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,651 to 39,592, registering a gain of 4,941 points (up 14.3%).

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 40.0x.

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Stock Market Updates

Indian Indices Continue Downtrend; Sensex Ends 48 Points Lower (Today's Market)

Jul 23, 2019 Closing

After opening the day on a flat note, share markets in India witnessed selling pressure during closing hours and ended marginally lower.

PROCTER & GAMBLE HEALTH Surges by 6%; BSE HEALTHCARE Index Down 0.4% (Today's Market)

Jul 23, 2019 03:32 PM

PROCTER & GAMBLE HEALTH share price has surged by 6% and its current market price is Rs 4,680. The BSE HEALTHCARE is down by 0.4%. The top gainers in the BSE HEALTHCARE Index is PROCTER & GAMBLE HEALTH (up 5.5%). The top losers are CIPLA and ASTRAZENECA PHARMA .

M&M FINANCIAL SERVICES Plunges by 5%; BSE 500 Index Down 0.1% (Today's Market)

Jul 23, 2019 03:32 PM

M&M FINANCIAL SERVICES share price has plunged by 5% and its current market price is Rs 360. The BSE 500 is down by 0.1%. The top gainers in the BSE 500 Index are PC JEWELLER (up 14.2%) and VA TECH WABAG (up 6.2%). The top losers are M&M FINANCIAL SERVICES (down 5.1%) and SHRIRAM TRANSPORT (down 5.7%).

SOBHA LIMITED Surges by 5%; BSE REALTY Index Up 0.7% (Today's Market)

Jul 23, 2019 03:30 PM

SOBHA LIMITED share price has surged by 5% and its current market price is Rs 578. The BSE REALTY is up by 0.7%. The top gainers in the BSE REALTY Index is SOBHA LIMITED (up 5.1%). The top losers are PRESTIGE ESTATES (down 1.2%) and INDIABULLS REAL EST (down 2.4%).

GE POWER INDIA LTD Surges by 5%; BSE CAPITAL GOODS Index Up 0.1% (Today's Market)

Jul 23, 2019 03:30 PM

GE POWER INDIA LTD share price has surged by 5% and its current market price is Rs 846. The BSE CAPITAL GOODS is up by 0.1%. The top gainers in the BSE CAPITAL GOODS Index is GE POWER INDIA LTD (up 5.3%). The top losers are AIA ENGINEERING and LAKSHMI MACHINE .

GRUH FINANCE Plunges by 7%; BSE 500 Index Down 0.2% (Today's Market)

Jul 23, 2019 03:30 PM

GRUH FINANCE share price has plunged by 7% and its current market price is Rs 277. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are PC JEWELLER (up 14.5%) and VA TECH WABAG (up 6.2%). The top losers are GRUH FINANCE (down 6.9%) and SHRIRAM TRANSPORT (down 5.7%).

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