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
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 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. p >
What else is happening in the markets today? Dig in...
Indian share markets witnessed most of the buying interest during closing hours today and ended on a strong note.
BSE Sensex is trading up by 167 points, while the NSE Nifty is trading up by 50 points.
Indian share markets open in green. The BSE Sensex opened up by 156 points, while the Nifty is trading higher by 52 points.
HEG share price is trading up by 5% and its current market price is Rs 2,177. The BSE CAPITAL GOODS is up by 0.7%. The top gainers in the BSE CAPITAL GOODS Index are HEG (up 5.3%) and GRAPHITE INDIA (up 7.5%). The top losers are KALPATARU POWER (down 0.1%) and HONEYWELL AUTOMATION (down 0.4%).
BANK OF MAHARASHTRA share price is trading up by 6% and its current market price is Rs 24. The BSE BANKEX is up by 1.0%. The top gainers in the BSE BANKEX Index is BANK OF MAHARASHTRA (up 5.9%). The top losers is KOTAK MAHINDRA BANK (down 0.3%).
ADANI PORTS & SEZ share price is trading down by 5% and its current market price is Rs 755. The BSE 500 is up by 0.1%. The top gainers in the BSE 500 Index are GRAPHITE INDIA (up 5.4%) and GSK CONSUMER (up 5.1%). The top losers are ADANI PORTS & SEZ (down 5.3%) and MAH. SCOOTERS (down 5.2%).
View More Indian Share Market NewsA tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.
In this video I'll show you exactly how I go about picking stocks for trading.
Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.
What should you do if the market falls? In this video, I'll tell you what I will do.
Ajit Dayal on how India's vaccine strategy will impact the markets.
More
Equitymaster requests your view! Post a comment on "INDUSIND BANK Surges by 15%; BSE BANKEX Index Up 2.9%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!