INDIAN BANK share price has zoomed 6% and is presently trading at Rs 74.
Meanwhile, the BSE BANKEX Index is at 33,585 (down 1.3%).
Among the top Gainers in the BSE BANKEX Index today is INDIAN BANK (up 6.0%).
BANK OF BARODA (down 0.1%) and KOTAK MAHINDRA BANK (down 0.6%) are among the top losers today.
Over the last one year, INDIAN BANK has moved down from Rs 237 to Rs 74, registering a loss of Rs 163 (down 68.8%).
On the other hand, the BSE BANKEX has moved up from 30,889 to 33,585, registering a gain of 2,696 points (up 7.1%) during the last 12 months.
The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 39.9%), KOTAK MAHINDRA BANK (up 30.2%) and CITY UNION BANK (up 13.4%).
Last 2 Days: Watch the Replay of Great Indian Wealth Project Special Event
The BSE Sensex is at 38,792 (down 0.5%).
The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 4.0%), ASIAN PAINTS (up 2.4%) and POWER GRID (up 1.5%). Other gainers include NTPC (up 0.9%) and ONGC (up 0.8%). The most traded stocks in the BSE Sensex are SUN PHARMA and ONGC.
In the meantime, NSE Nifty is at 11,357 (down 0.5%). SUN PHARMA (up 4.0%) is among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 36,443 to 38,792, registering a gain of 2,349 points (up 5.5%).
INDIAN BANK net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Operating income rose 13.3% to Rs 54.7 billion during the period as against Rs 48.2 billion in October-December 2018.
For the year ended March 2019, INDIAN BANK reported 71.0% decrease in net profit to Rs 3.8 billion compared to net profit of Rs 13.1 billion during FY18.
Revenue of the company grew 12.1% to Rs 192 billion during FY19.
The current Price to earnings ratio of INDIAN BANK, based on rolling 12 month earnings, stands at 4.6x. p >
What else is happening in the markets today? Dig in...
The market see-sawed during the week with both the bulls and bears swinging it out. But in the end, it was the bears who won. The Nifty ended the day, the week, and the month at 14,529.15.
Indian share markets end deep in the red with the Sensex down by 1,939 points and the Nifty ending down by 568 points.
ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).
ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).
JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).
UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).
View More Indian Share Market NewsLast time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.
In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.
A look at what India's top equity mutual funds bought and sold in January 2021.
Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.
More
Equitymaster requests your view! Post a comment on "INDIAN BANK Surges by 6%; BSE BANKEX Index Down 1.3%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!