KARNATAKA BANK Plunges by 5%; BSE BANKEX Index Up 0.2%

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KARNATAKA BANK Plunges by 5%; BSE BANKEX Index Up 0.2%
Mon, 29 Jul 03:03 PM

KARNATAKA BANK share price has plunged 5% and is presently trading at Rs 93.

Meanwhile, the BSE BANKEX Index is at 33,565 (up 0.2%).

Among the top losers in the BSE BANKEX Index today is KARNATAKA BANK (down 5.2%).

ICICI BANK (up 3.5%) and INDUSIND BANK (up 1.1%) are among the top gainers today.

Over the last one year, KARNATAKA BANK has moved down from Rs 115 to Rs 93, registering a loss of Rs 22 (down 19.3%)..

The BSE BANKEX has moved up from 30,426 to 33,565, registering a gain of 3,139 points (up 10.3%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 50.5%), AXIS BANK (up 32.1%) and SBI (up 19.3%).

Revealed: Top 3 Stocks for 2020 and Beyond

What About the Benchmark Indices?

The BSE Sensex is at 38,043 (down 0.6%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 3.5%). The most traded stocks in the BSE Sensex are ICICI BANK and INFOSYS.

In the meantime, NSE Nifty is at 11,311 (down 0.9%). ICICI BANK (up 3.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,985 to 38,043, registering a gain of 1,058 points (up 1.8%).

KARNATAKA BANK Financial Update...

KARNATAKA BANK net profit stood at Rs 2 billion for the quarter ended June 2019, compared to a profit of Rs 1 billion a year ago. Operating income rose 4.6% to Rs 15.8 billion during the period as against Rs 15.1 billion in April-June 2018.

For the year ended March 2018, KARNATAKA BANK reported 2.3% increase in net profit to Rs 4.6 billion compared to net profit of Rs 4.5 billion during FY17.

Revenue of the company grew 4.6% to Rs 54 billion during FY18.

The current Price to earnings ratio of KARNATAKA BANK, based on rolling 12 month earnings, stands at 5.2x.



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