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INDUSIND BANK Plunges by 7%; BSE BANKEX Index Down 1.8%

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INDUSIND BANK Plunges by 7%; BSE BANKEX Index Down 1.8%
Tue, 30 Jul 03:22 PM

INDUSIND BANK share price has plunged 7% and is presently trading at Rs 1,447.

Meanwhile, the BSE BANKEX Index is at 33,463 (down 1.8%).

Among the top losers in the BSE BANKEX Index today are INDUSIND BANK (down 7.2%) and BANK OF BARODA (down 5.7%).

HDFC BANK (up 0.3%) is among the top gainer today.

Over the last one year, INDUSIND BANK has moved down from Rs 1,966 to Rs 1,447, registering a loss of Rs 519 (down 26.4%)..

The BSE BANKEX has moved up from 31,144 to 33,463, registering a gain of 2,319 points (up 7.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 38.4%), AXIS BANK (up 25.1%) and CITY UNION BANK (up 15.3%).

What About the Benchmark Indices?

The BSE Sensex is at 37,950 (down 0.7%). The top gainers among the BSE Sensex stocks today are BHARTI AIRTEL (up 3.3%). The most traded stocks in the BSE Sensex are ITC and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 11,267 (down 1.0%). BHARTI AIRTEL (up 3.6%) and TCS (up 2.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,494 to 37,950, registering a gain of 456 points (up -0.2%).

INDUSIND BANK Financial Update...

INDUSIND BANK net profit stood at Rs 14 billion for the quarter ended June 2019, compared to a profit of Rs 10 billion a year ago. Operating income rose 20.8% to Rs 69.6 billion during the period as against Rs 57.6 billion in April-June 2018.

For the year ended March 2018, INDUSIND BANK reported 25.7% increase in net profit to Rs 36.1 billion compared to net profit of Rs 28.7 billion during FY17.

Revenue of the company grew 20.0% to Rs 173 billion during FY18.

The current Price to earnings ratio of INDUSIND BANK, based on rolling 12 month earnings, stands at 21.6x.

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CANARA BANK Surges by 5%; BSE BANKEX Index Up 0.8% (Today's Market)

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ECLERX SERVICES Plunges by 5%; BSE IT Index Down 0.8% (Today's Market)

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ECLERX SERVICES share price has plunged by 5% and its current market price is Rs 519. The BSE IT is down by 0.8%. The top gainers in the BSE IT Index are FIRSTSOURCE SOL. (up 3.5%) and ORACLE FINANCIAL (up 3.2%). The top losers is ECLERX SERVICES (down 5.5%).

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