FEDERAL BANK share price has plunged 5% and is presently trading at Rs 86.
Meanwhile, the BSE BANKEX Index is at 32,081 (up 0.5%).
Among the top losers in the BSE BANKEX Index today is FEDERAL BANK (down 5.2%).
YES BANK (up 2.3%) and SBI (up 1.6%) are among the top gainers today.
Over the last one year, FEDERAL BANK has moved down from Rs 110 to Rs 86, registering a loss of Rs 24 (down 21.4%)..
The BSE BANKEX has moved up from 27,378 to 32,081, registering a gain of 4,703 points (up 17.2%) during the last 12 months.
The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 28.0%), AXIS BANK (up 26.2%) and INDUSIND BANK (up 22.9%).
Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth
The BSE Sensex is at 38,241 (up 0.7%). The top gainers among the BSE Sensex stocks today are L&T (up 5.1%), ONGC (up 2.7%) and TATA MOTORS (up 2.3%). Other gainers include YES BANK (up 2.3%) and COAL INDIA (up 2.1%). The most traded stocks in the BSE Sensex are YES BANK and SBI.
In the meantime, NSE Nifty is at 11,543 (up 0.6%). L&T (up 5.0%) is among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 31,795 to 38,241, registering a gain of 6,446 points (up 20.2%).
FEDERAL BANK net profit stood at Rs 3 billion for the quarter ended June 2018, compared to a profit of Rs 3 billion a year ago. Operating income rose 6.6% to Rs 26.7 billion during the period as against Rs 25.0 billion in April-June 2017.
For the year ended March 2018, FEDERAL BANK reported 6.6% increase in net profit to Rs 9.1 billion compared to net profit of Rs 8.5 billion during FY17.
Revenue of the company grew 12.9% to Rs 99 billion during FY18.
The current Price to earnings ratio of FEDERAL BANK, based on rolling 12 month earnings, stands at 17.3x. p >
What else is happening in the markets today? Dig in...
Indian share markets witnessed a sharp sell-off today and ended deep in the red.
ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).
ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).
JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).
UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).
ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).
View More Indian Share Market NewsLast time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.
In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.
A look at what India's top equity mutual funds bought and sold in January 2021.
Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.
More
Equitymaster requests your view! Post a comment on "FEDERAL BANK Plunges by 5%; BSE BANKEX Up 0.5%". 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!