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Indian Stock Market Updates January 7, 2020

SYNDICATE BANK Plunges by 6%; BSE BANKEX Index Up 1.0%
Tue, 7 Jan 09:20 AM

SYNDICATE BANK share price has plunged 6% and is presently trading at Rs 28.

Meanwhile, the BSE BANKEX Index is at 35,974 (up 1.0%).

Among the top losers in the BSE BANKEX Index today is SYNDICATE BANK (down 5.6%).

BANK OF BARODA (up 2.0%) and SBI (up 1.7%) are among the top gainers today.

Over the last one year, SYNDICATE BANK has moved down from Rs 40 to Rs 28, registering a loss of Rs 12 (down 29.6%)..

The BSE BANKEX has moved up from 30,551 to 35,974, registering a gain of 5,423 points (up 17.8%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 44.2%), KOTAK MAHINDRA BANK (up 33.1%) and CITY UNION BANK (up 20.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 40,983 (up 0.8%). The top gainers among the BSE Sensex stocks today are SBI (up 1.7%). The most traded stocks in the BSE Sensex are POWER GRID and COAL INDIA.

In the meantime, NSE Nifty is at 12,129 (up 1.1%). ZEE ENTERTAINMENT (up 3.3%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,850 to 40,983, registering a gain of 5,133 points (up 14.3%).

SYNDICATE BANK Financial Update...

SYNDICATE BANK net profit stood at Rs 3 billion for the quarter ended September 2019, compared to a profit of Rs 1 billion a year ago. Operating income declined 0.9% to Rs 54.1 billion during the period as against Rs 54.6 billion in July-September 2018.

For the year ended March 2019, SYNDICATE BANK reported 19.7% decrease in net profit to Rs 25.9 billion compared to net profit of Rs 32.2 billion during FY18.

Revenue of the company grew 0.2% to Rs 217 billion during FY19.

The current Price to earnings ratio of SYNDICATE BANK, based on rolling 12 month earnings, stands at down 133.1x.

Stock Market Updates

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Indian share markets ended their day on a flat note yesterday. At the closing bell yesterday, the BSE Sensex stood higher by 35 points (up 0.1%).

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Indian share markets open higher. The BSE Sensex opened up by 363 points, while the Nifty is trading higher by 112 points.

ONGC at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 8, 2021 09:40 AM

ONGC share price has hit a 52-week high. It is presently trading at Rs 121. BSE 500 Index is up by 0.7% at 20,123. Within the BSE 500, ONGC (up 5.2%) and BEML (up 13.1%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

GRINDWELL NORTON at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 8, 2021 09:38 AM

GRINDWELL NORTON share price has hit a 52-week high. It is presently trading at Rs 975. BSE 500 Index is up by 0.8% at 20,123. Within the BSE 500, GRINDWELL NORTON (up 5.5%) and BEML (up 11.8%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

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