ALLAHABAD BANK Plunges by 7%; BSE BANKEX Index Up 0.2%

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ALLAHABAD BANK Plunges by 7%; BSE BANKEX Index Up 0.2%
Fri, 7 Jun 09:20 AM

ALLAHABAD BANK share price has plunged 7% and is presently trading at Rs 46.

Meanwhile, the BSE BANKEX Index is at 34,739 (up 0.2%).

Among the top losers in the BSE BANKEX Index today is ALLAHABAD BANK (down 6.8%).

INDUSIND BANK (up 1.2%) and ICICI BANK (up 0.5%) are among the top gainers today.

Over the last one year, ALLAHABAD BANK has moved up from Rs 43 to Rs 46, registering a gain of Rs 3 (up 6.5%)..

The BSE BANKEX has moved up from 29,460 to 34,739, registering a gain of 5,279 points (up 17.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 52.7%), ICICI BANK (up 45.8%) and CITY UNION BANK (up 27.4%).

What About the Benchmark Indices?

The BSE Sensex is at 39,582 (up 0.1%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 1.3%). The most traded stocks in the BSE Sensex are POWER GRID and BAJAJ AUTO.

In the meantime, NSE Nifty is at 11,865 (up 0.2%). M&M (up 0.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,179 to 39,582, registering a gain of 4,403 points (up 12.5%).

ALLAHABAD BANK Financial Update...

ALLAHABAD BANK net profit down at Rs 38 billion for the quarter ended March 2019, compared to a loss of Rs 7 billion a year ago. Operating income declined 4.5% to Rs 40.4 billion during the period as against Rs 42.3 billion in January-March 2018.

For the year ended March 2019, ALLAHABAD BANK reported 84.3% increase in net profit to Rs 84.6 billion compared to net profit of Rs 45.9 billion during FY18.

Revenue of the company grew 3.2% to Rs 169 billion during FY19.

The current Price to earnings ratio of ALLAHABAD BANK, based on rolling 12 month earnings, stands at down 1.1x.

What else is happening in the markets today? Dig in...

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