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IDBI BANK Plunges by 7%; BSE BANKEX Index Down 0.2%

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IDBI BANK Plunges by 7%; BSE BANKEX Index Down 0.2%
Fri, 16 Aug 09:20 AM

IDBI BANK share price has plunged 7% and is presently trading at Rs 25.

Meanwhile, the BSE BANKEX Index is at 31,579 (down 0.2%).

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

YES BANK (up 4.4%) and FEDERAL BANK (up 0.4%) are among the top gainers today.

Over the last one year, IDBI BANK has moved down from Rs 60 to Rs 25, registering a loss of Rs 35 (down 58.0%)..

The BSE BANKEX has moved down from 31,671 to 31,579, loss of 92 points (down 0.3%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 25.5%), KOTAK MAHINDRA BANK (up 15.1%) and AXIS BANK (up 7.2%).

What About the Benchmark Indices?

The BSE Sensex is at 37,384 (up 0.1%). The top gainers among the BSE Sensex stocks today are YES BANK (up 4.4%). The most traded stocks in the BSE Sensex are HCL TECHNOLOGIES and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 11,044 (down 0.6%). YES BANK (up 2.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,852 to 37,384, registering a gain of -468 points (up -1.4%).

IDBI BANK Financial Update...

IDBI BANK net profit down at Rs 49 billion for the quarter ended March 2019, compared to a loss of Rs 9 billion a year ago. Operating income declined 0.5% to Rs 54.6 billion during the period as against Rs 54.9 billion in January-March 2018.

For the year ended March 2018, IDBI BANK reported 61.8% increase in net profit to Rs 81.5 billion compared to net profit of Rs 50.3 billion during FY17.

Revenue of the company grew 17.1% to Rs 230 billion during FY18.

The current Price to earnings ratio of IDBI BANK, based on rolling 12 month earnings, stands at down 0.8x.

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Stock Market Updates

Dividend Stocks Amid Volatile Stock Markets; US-China Trade War and More (Today's Market)

Aug 16, 2019 Podcast

The market, which has been caught in the grip of the bears, gave a negative yearly return for first time in last eight years.

Sensex Ends Marginally Higher; Automobile and Power Stocks Witness Buying (Today's Market)

Aug 16, 2019 Closing

The BSE Sensex ended the day up by 39 points, while the NSE Nifty closed up by 18 points.

PIDILITE INDUSTRIES at All Time High; BSE FMCG Index Up 0.4% (Today's Market)

Aug 16, 2019 03:34 PM

PIDILITE INDUSTRIES share price has hit an all time high at Rs 1,373 (up 1.7%). The BSE FMCG Index is up by 0.4%. Among the top gainers in the BSE FMCG Index today are PIDILITE INDUSTRIES (up 1.7%) and P&G HYGIENE (up 0.2%). The top losers include AVANTI FEEDS (down 0.1%) and COLGATE (down 0.1%).

APL APOLLO TUBES Surges by 6%; BSE CAPITAL GOODS Index Down 0.1% (Today's Market)

Aug 16, 2019 03:32 PM

APL APOLLO TUBES share price has surged by 6% and its current market price is Rs 1,350. The BSE CAPITAL GOODS is down by 0.1%. The top gainers in the BSE CAPITAL GOODS Index are APL APOLLO TUBES (up 6.4%) and SUZLON ENERGY (up 6.7%). The top losers are LAKSHMI MACHINE (down 0.2%) and HONEYWELL AUTOMATION (down 0.4%).

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

Aug 16, 2019 03:30 PM

CANARA BANK share price has surged by 5% and its current market price is Rs 237. The BSE BANKEX is up by 0.8%. The top gainers in the BSE BANKEX Index is CANARA BANK (up 5.2%). The top losers is HDFC BANK (down 0.2%).

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

Aug 16, 2019 03:30 PM

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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