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.

What else is happening in the markets today? Dig in...

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