IDBI BANK Plunges by 10%; BSE BANKEX Index Down 1.0%

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IDBI BANK Plunges by 10%; BSE BANKEX Index Down 1.0%
Fri, 16 Aug 09:26 AM

IDBI BANK share price has plunged 10% and is presently trading at Rs 25.

Meanwhile, the BSE BANKEX Index is at 31,581 (down 1.0%).

Among the top losers in the BSE BANKEX Index today is IDBI BANK (down 10.3%).

YES BANK (up 1.4%) is among the top gainer 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 31,581, loss of 90 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 24.3%), KOTAK MAHINDRA BANK (up 14.7%) and AXIS BANK (up 6.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 37,384 (down 0.7%). The top gainers among the BSE Sensex stocks today are YES BANK (up 1.4%). The most traded stocks in the BSE Sensex are YES BANK and ONGC.

In the meantime, NSE Nifty is at 11,044 (down 0.6%). YES BANK (up 1.9%) 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 -2.1%).

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 0.7x.



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