IDFC FIRST BANK Surges by 7%; BSE BANKEX Index Up 1.1%

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IDFC FIRST BANK Surges by 7%; BSE BANKEX Index Up 1.1%
Tue, 26 May 09:20 AM

IDFC FIRST BANK share price has zoomed 7% and is presently trading at Rs 20.

Meanwhile, the BSE BANKEX Index is at 20,135 (up 1.1%).

Among the top Gainers in the BSE BANKEX Index today is IDFC FIRST BANK (up 6.9%).

CITY UNION BANK (down 2.4%) is among the top loser today.

Over the last one year, IDFC FIRST BANK has moved down from Rs 43 to Rs 20, registering a loss of Rs 22 (down 52.8%).

On the other hand, the BSE BANKEX has moved down from 34,208 to 20,135, loss of 14,073 points (down 41.1%) during the last 12 months.

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

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What About the Benchmark Indices?

The BSE Sensex is at 30,864 (up 0.6%).

The top gainers among the BSE Sensex stocks today are ITC (up 2.1%), INDUSIND BANK (up 2.0%) and ULTRATECH CEMENT (up 2.0%). Other gainers include HCL TECHNOLOGIES (up 1.8%) and BAJAJ FINANCE (up 1.7%). The most traded stocks in the BSE Sensex are HDFC and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 9,100 (up 0.7%). The top gainers in the NSE Nifty include HDFC BANK (up 2.2%), ITC (up 2.0%) and INDUSIND BANK (up 1.9%). Other gainers include ICICI BANK (up 1.7%) and UPL (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 39,110 to 30,864, registering a loss of 8,246 points (down 21.08%).

IDFC FIRST BANK Financial Update...

IDFC FIRST BANK net profit down at Rs 16 billion for the quarter ended December 2019, compared to a loss of Rs 15 billion a year ago. Operating income rose 11.9% to Rs 41.0 billion during the period as against Rs 36.6 billion in October-December 2018.

For the year ended March 2019, IDFC FIRST BANK reported 296.8% decrease in net profit to Rs 18.8 billion compared to net profit of Rs 9.6 billion during FY18.

Revenue of the company grew 34.1% to Rs 122 billion during FY19.

The current Price to earnings ratio of IDFC FIRST BANK, based on rolling 12 month earnings, stands at down 3.1x.

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