INDUSIND BANK Plunges by 6%; BSE BANKEX Index Up 1.7%

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INDUSIND BANK Plunges by 6%; BSE BANKEX Index Up 1.7%
Fri, 27 Mar 12:42 PM

INDUSIND BANK share price has plunged 6% and is presently trading at Rs 542.

Meanwhile, the BSE BANKEX Index is at 24,563 (up 1.7%).

Among the top losers in the BSE BANKEX Index today is INDUSIND BANK (down 6.3%).

AXIS BANK (up 12.5%) and FEDERAL BANK (up 6.7%) are among the top gainers today.

Over the last one year, INDUSIND BANK has moved down from Rs 1,715 to Rs 542, registering a loss of Rs 1,173 (down 68.4%)..

The BSE BANKEX has moved down from 33,441 to 24,563, loss of 8,878 points (down 26.5%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 3.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 31,126 (down 0.5%). The top gainers among the BSE Sensex stocks today are AXIS BANK (up 12.5%). The most traded stocks in the BSE Sensex are SBI and AXIS BANK.

In the meantime, NSE Nifty is at 9,039 (up 0.1%). AXIS BANK (up 12.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,233 to 31,126, registering a loss of 7,107 points (down 22.10%).

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 5.5x.

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

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Apr 9, 2020 09:41 AM