INDUSIND BANK Surges by 15%; BSE BANKEX Index Up 2.9%

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Markets will remain closed on 14th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

INDUSIND BANK Surges by 15%; BSE BANKEX Index Up 2.9%
Thu, 26 Mar 09:42 AM

INDUSIND BANK share price has zoomed 15% and is presently trading at Rs 346.

Meanwhile, the BSE BANKEX Index is at 22,004 (up 2.9%).

Among the top Gainers in the BSE BANKEX Index today is INDUSIND BANK (up 15.0%).

YES BANK (down 3.4%) is among the top loser today.

Over the last one year, INDUSIND BANK has moved down from Rs 1,684 to Rs 346, registering a loss of Rs 1,338 (down 79.4%).

On the other hand, the BSE BANKEX has moved down from 32,724 to 22,004, loss of 10,720 points (down 32.9%) during the last 12 months.

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

India's Revival: A Once-in-a-Generation Wealth Making Opportunity

What About the Benchmark Indices?

The BSE Sensex is at 29,280 (up 2.3%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 15.0%), AXIS BANK (up 8.4%) and INFOSYS (up 5.5%). Other gainers include HDFC (up 4.9%) and TECH MAHINDRA (up 4.8%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 8,519 (up 2.0%). The top gainers in the NSE Nifty include INDUSIND BANK (up 15.0%), UPL (up 9.7%) and AXIS BANK (up 7.8%). Other gainers include INFOSYS (up 5.6%) and BHARTI INFRATEL (up 5.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 29,280, registering a loss of 8,529 points (down 22.82%).

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 4.7x.

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