SYNDICATE BANK Plunges by 5%; BSE BANKEX Index Down 5.8%

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SYNDICATE BANK Plunges by 5%; BSE BANKEX Index Down 5.8%
Mon, 16 Mar 10:20 AM

SYNDICATE BANK share price has plunged 5% and is presently trading at Rs 17.

Meanwhile, the BSE BANKEX Index is at 27,685 (down 5.8%).

Among the top losers in the BSE BANKEX Index today are SYNDICATE BANK (down 5.4%) and HDFC BANK (down 5.8%).

YES BANK (up 48.9%) is among the top gainer today.

Over the last one year, SYNDICATE BANK has moved down from Rs 39 to Rs 17, registering a loss of Rs 22 (down 57.1%)..

The BSE BANKEX has moved down from 32,356 to 27,685, loss of 4,671 points (down 14.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 13.4%) and ICICI BANK (up 5.9%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 33,103 (down 4.8%).

In the meantime, NSE Nifty is at 9,593 (down 4.4%). YES BANK (up 49.1%) and TCS (up 1.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,752 to 33,103, registering a loss of 4,649 points (down 14.00%).

SYNDICATE BANK Financial Update...

SYNDICATE BANK net profit stood at Rs 4 billion for the quarter ended December 2019, compared to a profit of Rs 1 billion a year ago. Operating income declined 1.0% to Rs 54.0 billion during the period as against Rs 54.6 billion in October-December 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 236.0x.



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