INDUSIND BANK Plunges by 10%; BSE BANKEX Index Down 0.7%

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INDUSIND BANK Plunges by 10%; BSE BANKEX Index Down 0.7%
Tue, 24 Mar 09:43 AM

INDUSIND BANK share price has plunged 10% and is presently trading at Rs 361.

Meanwhile, the BSE BANKEX Index is at 20,582 (down 0.7%).

Among the top losers in the BSE BANKEX Index today are INDUSIND BANK (down 10.0%) and YES BANK (down 5.8%).

AXIS BANK (up 2.0%) and SBI (up 0.9%) are among the top gainers today.

Over the last one year, INDUSIND BANK has moved down from Rs 1,684 to Rs 361, registering a loss of Rs 1,323 (down 78.6%)..

The BSE BANKEX has moved down from 32,724 to 20,582, loss of 12,142 points (down 37.1%) during the last 12 months.

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

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 27,463 (up 0.8%). The top gainers among the BSE Sensex stocks today are HUL (up 5.5%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 8,037 (up 1.4%). INFOSYS (up 7.5%) and HUL (up 6.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,463, registering a loss of 10,346 points (down 30.73%).

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 4.1x.



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