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ANDHRA BANK Surges by 5%; BSE BANKEX Index Down 2.5%

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ANDHRA BANK Surges by 5%; BSE BANKEX Index Down 2.5%
Mon, 5 Aug 10:26 AM

ANDHRA BANK share price has zoomed 5% and is presently trading at Rs 21.

Meanwhile, the BSE BANKEX Index is at 31,543 (down 2.5%).

Among the top Gainers in the BSE BANKEX Index today is ANDHRA BANK (up 5.1%).

INDUSIND BANK (down 0.7%) and FEDERAL BANK (down 0.7%) are among the top losers today.

Over the last one year, ANDHRA BANK has moved down from Rs 35 to Rs 21, registering a loss of Rs 15 (down 41.5%).

On the other hand, the BSE BANKEX has moved up from 30,577 to 31,543, registering a gain of 966 points (up 1.7%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 34.4%), AXIS BANK (up 19.5%) and KOTAK MAHINDRA BANK (up 15.2%).

What About the Benchmark Indices?

The BSE Sensex is at 36,844 (down 1.6%).

The top gainers among the BSE Sensex stocks today are TCS (up 1.2%), INFOSYS (up 0.7%) and BHARTI AIRTEL (up 0.4%). Other gainers include HDFC (up 0.2%) and BAJAJ AUTO (up 0.1%). The most traded stocks in the BSE Sensex are BHARTI AIRTEL and INFOSYS.

In the meantime, NSE Nifty is at 10,896 (down 1.7%). TCS (up 1.4%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,165 to 36,844, registering a gain of -321 points (up -1.7%).

ANDHRA BANK Financial Update...

ANDHRA BANK net profit declined 108.9% YoY to Rs 516 million for the quarter ended June 2019, compared to a loss of Rs 6 billion a year ago. Operating income rose 3.4% to Rs 49.6 billion during the period as against Rs 48.0 billion in April-June 2018.

For the year ended March 2019, ANDHRA BANK reported 18.5% decrease in net profit to Rs 27.7 billion compared to net profit of Rs 33.9 billion during FY18.

Revenue of the company grew 5.5% to Rs 192 billion during FY19.

The current Price to earnings ratio of ANDHRA BANK, based on rolling 12 month earnings, stands at down 2.7x.

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