FEDERAL BANK Surges by 7%; BSE BANKEX Index Up 0.2%

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FEDERAL BANK Surges by 7%; BSE BANKEX Index Up 0.2%
Fri, 20 Mar 09:32 AM

FEDERAL BANK share price has zoomed 7% and is presently trading at Rs 56.

Meanwhile, the BSE BANKEX Index is at 23,096 (up 0.2%).

Among the top Gainers in the BSE BANKEX Index today are FEDERAL BANK (up 6.5%) and YES BANK (up 6.0%).

INDUSIND BANK (down 3.0%) and HDFC BANK (down 3.3%) are among the top losers today.

Over the last one year, FEDERAL BANK has moved down from Rs 94 to Rs 56, registering a loss of Rs 38 (down 40.7%).

On the other hand, the BSE BANKEX has moved down from 33,411 to 23,096, loss of 10,315 points (down 31.2%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were [param_historic_top3].

BREAKING NEWS: Massive Opportunity Triggered as Investing Legends Quit

What About the Benchmark Indices?

The BSE Sensex is at 28,861 (up 1.7%).

The top gainers among the BSE Sensex stocks today are ONGC (up 5.5%), POWER GRID (up 5.5%) and BAJAJ AUTO (up 5.1%). Other gainers include HUL (up 5.1%) and ITC (up 5.0%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 8,441 (up 0.3%). The top gainers in the NSE Nifty include GAIL (up 6.4%), POWER GRID (up 5.7%) and ONGC (up 4.8%). Other gainers include ITC (up 4.3%) and SUN PHARMA (up 4.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,363 to 28,861, registering a loss of 9,502 points (down 25.04%).

FEDERAL BANK Financial Update...

FEDERAL BANK net profit stood at Rs 4 billion for the quarter ended December 2019, compared to a profit of Rs 3 billion a year ago. Operating income rose 12.7% to Rs 33.3 billion during the period as against Rs 29.5 billion in October-December 2018.

For the year ended March 2018, FEDERAL BANK reported 6.6% increase in net profit to Rs 9.1 billion compared to net profit of Rs 8.5 billion during FY17.

Revenue of the company grew 12.9% to Rs 99 billion during FY18.

The current Price to earnings ratio of FEDERAL BANK, based on rolling 12 month earnings, stands at 6.8x.



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