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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.

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Stock Market Updates

INDIAN BANK Surges by 5%; BSE BANKEX Index Up 0.5% (Today's Market)

Aug 26, 2019 10:32 AM

INDIAN BANK share price has surged by 5% and its current market price is Rs 177. The BSE BANKEX is up by 0.5%. The top gainers in the BSE BANKEX Index is INDIAN BANK (up 5.4%). The top losers are FEDERAL BANK (down 0.2%) and CITY UNION BANK (down 0.8%).

INDIABULLS REAL EST Surges by 5%; BSE REALTY Index Up 0.2% (Today's Market)

Aug 26, 2019 10:26 AM

INDIABULLS REAL EST share price has surged by 5% and its current market price is Rs 71. The BSE REALTY is up by 0.2%. The top gainers in the BSE REALTY Index is INDIABULLS REAL EST (up 5.3%). The top losers are DLF (down 1.1%) and OBEROI REALTY (down 1.2%).

JSW STEEL Plunges by 5%; BSE METAL Index Down 4.5% (Today's Market)

Aug 26, 2019 10:16 AM

JSW STEEL share price has plunged by 5% and its current market price is Rs 224. The BSE METAL is down by 4.5%. The top gainers in the BSE METAL Index [TOPCOMPANY]. The top losers are JSW STEEL (down 5.2%) and TATA STEEL (down 6.1%).

The BSE METAL Index Down 4% ; VEDANTA LTD Among Top Losers (Today's Market)

Aug 26, 2019 10:10 AM

The BSE METAL Index Down at 8,622 (down 4.3%). Among the top losers in the BSE METAL Index today are VEDANTA LTD, TATA STEEL and JSW STEEL. Meanwhile, the BSE Sensex has plunged 0.4% to 37,364.

TATA STEEL Plunges by 5%; BSE METAL Index Down 4.2% (Today's Market)

Aug 26, 2019 10:08 AM

TATA STEEL share price has plunged by 5% and its current market price is Rs 348. The BSE METAL is down by 4.2%. The top gainers in the BSE METAL Index [TOPCOMPANY]. The top losers are TATA STEEL (down 5.0%) and VEDANTA LTD (down 5.0%).

Sensex Opens Higher; Banking and Metal Stocks Rally (Today's Market)

Aug 26, 2019 09:30 am

Asian share markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.2% while the Hang Seng is down 2.9%.

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