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BANDHAN BANK Gains 4%; BSE BANKEX Index Up 0.5%
Thu, 20 Jun 13:14

BANDHAN BANK share price has zoomed 4% and is presently trading at Rs 206.8.

Meanwhile, the BSE BANKEX index is at 58,745.9 (up 0.5%).

Among the top gainers in the BSE BANKEX index today are Federal Bank (up 1.9%) and AU SMALL FINANCE BANK (up 1.2%).

SBI (down 0.6%) is among the top losers today.

Over the last one year, BANDHAN BANK has moved down from Rs 249.9 to Rs 206.8, registering a loss of Rs 43.2 (down 17.3%).

On the other hand, the BSE BANKEX index has moved up from 49,266.1 to 58,745.9, registering a gain of 19.2% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 48.9%), Bank of Baroda (up 47.6%) and Federal Bank (up 44.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,461.9 (up 0.2%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.3%) and Reliance Ind. (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,562.6 (up 0.2%). Hindalco and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,168.3 to 77,461.9, registering a gain of 14,293.6 points (up 22.6%).

BANDHAN BANK Financial Update...

BANDHAN BANK net profit fell 93.2% YoY to Rs 546 million for the quarter ended March 2024, compared to a profit of Rs 8,083 million a year ago. Net sales rose 21.6% to Rs 51,893 million during the period as against Rs 42,683 million in January-March 2023.

For the year ended March 2023, BANDHAN BANK reported 1644.6% increase in net profit to Rs 21,946 million compared to net profit of Rs 1,258 million during FY22. Revenue of the company grew 14.7% to Rs 159,047 million during FY23.

The current Price to earnings ratio of BANDHAN BANK, based on rolling 12 month earnings, stands at 14.9.

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