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SOUTH IND.BANK Surges by 5%; BSE BANKEX Index Up 1.1%

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SOUTH IND.BANK Surges by 5%; BSE BANKEX Index Up 1.1%
Mon, 27 May 03:26 PM

SOUTH IND.BANK share price has zoomed 5% and is presently trading at Rs 15.

Meanwhile, the BSE BANKEX Index is at 35,690 (up 1.1%).

Among the top Gainers in the BSE BANKEX Index today is SOUTH IND.BANK (up 5.2%).

INDUSIND BANK (down 2.6%) is among the top loser today.

Over the last one year, SOUTH IND.BANK has moved down from Rs 24 to Rs 15, registering a loss of Rs 9 (down 37.9%).

On the other hand, the BSE BANKEX has moved up from 29,242 to 35,690, registering a gain of 6,448 points (up 21.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 51.7%), ICICI BANK (up 46.1%) and SBI (up 34.6%).

What About the Benchmark Indices?

The BSE Sensex is at 39,822 (up 0.5%).

The top gainers among the BSE Sensex stocks today are TATA STEEL (up 5.8%), YES BANK (up 3.9%) and L&T (up 3.3%). Other gainers include NTPC (up 2.9%) and AXIS BANK (up 2.2%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,957 (up 0.6%). YES BANK (up 4.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,663 to 39,822, registering a gain of 5,159 points (up 14.4%).

SOUTH IND.BANK Financial Update...

SOUTH IND.BANK net profit down at Rs 705 million for the quarter ended March 2019, compared to a loss of Rs 838 million a year ago. Operating income rose 3.2% to Rs 17.9 billion during the period as against Rs 17.4 billion in January-March 2018.

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 11.0x.

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