INDUSIND BANK Plunges by 14%; BSE BANKEX Index Down 9.9%

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INDUSIND BANK Plunges by 14%; BSE BANKEX Index Down 9.9%
Fri, 13 Mar 09:45 AM

INDUSIND BANK share price has plunged 14% and is presently trading at Rs 732.

Meanwhile, the BSE BANKEX Index is at 26,217 (down 9.9%).

Among the top losers in the BSE BANKEX Index today are INDUSIND BANK (down 14.3%) and KOTAK MAHINDRA BANK (down 15.0%).

Over the last one year, INDUSIND BANK has moved down from Rs 1,571 to Rs 732, registering a loss of Rs 839 (down 53.4%)..

The BSE BANKEX has moved down from 31,903 to 26,217, loss of 5,686 points (down 17.8%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 3.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 31,221 (down 9.4%).

In the meantime, NSE Nifty is at 9,133 (down 10.1%).

Over the last 12 months, the BSE Sensex has moved down from 37,536 to 31,221, registering a loss of 6,315 points (down 20.91%).

INDUSIND BANK Financial Update...

INDUSIND BANK net profit stood at Rs 13 billion for the quarter ended December 2019, compared to a profit of Rs 10 billion a year ago. Operating income rose 26.4% to Rs 72.8 billion during the period as against Rs 57.6 billion in October-December 2018.

For the year ended March 2019, INDUSIND BANK reported 8.5% decrease in net profit to Rs 33.0 billion compared to net profit of Rs 36.1 billion during FY18.

Revenue of the company grew 28.8% to Rs 223 billion during FY19.

The current Price to earnings ratio of INDUSIND BANK, based on rolling 12 month earnings, stands at 9.0x.



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