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BANDHAN BANK Gains 6%; BSE BANKEX Index Up 0.4%
Mon, 29 Jul 9:18

BANDHAN BANK Gains 6%; BSE BANKEX Index Up 0.4%Image source: DNY59/www.istockphoto.com

BANDHAN BANK share price has zoomed 6% and is presently trading at Rs 203.8.

Meanwhile, the BSE BANKEX index is at 58,897.7 (up 0.4%).

Among the top gainers in the BSE BANKEX index today are Bank of Baroda (up 1.6%) and AU SMALL FINANCE BANK (up 1.6%).

IDFC FIRST BANK (down 3.0%) and HDFC Bank (down 0.5%) are among the top losers today.

Over the last one year, BANDHAN BANK has moved down from Rs 218.1 to Rs 203.8, registering a loss of Rs 14.3 (down 6.6%).

On the other hand, the BSE BANKEX index has moved up from 51,646.9 to 58,897.7, registering a gain of 14.0% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 50.7%), SBI (up 42.2%) and Bank of Baroda (up 29.3%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 81,679.7 (up 0.4%).

The top gainers among the BSE Sensex today are NTPC (up 2.0%) and Tata Steel (up 1.4%). The most traded stocks in the BSE Sensex are ICICI Bank and Bharti Airtel.

In the meantime, NSE Nifty is at 24,943.3 (up 0.4%). NTPC and APOLLO HOSPITALS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,679.7, registering a gain of 15,323.9 points (up 23.1%).

BANDHAN BANK Financial Update...

BANDHAN BANK net profit grew 47.5% YoY to Rs 10,635 million for the quarter ended June 2024, compared to a profit of Rs 7,211 million a year ago. Net sales rose 22.4% to Rs 55,358 million during the period as against Rs 45,229 million in April-June 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 12.8.

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