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.



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