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BANDHAN BANK Gains 7%; BSE BANKEX Index Up 0.8%
Mon, 28 Oct 9:21

BANDHAN BANK Gains 7%; BSE BANKEX Index Up 0.8%Image source: Nikada/www.istockphoto.com

BANDHAN BANK share price has zoomed 7% and is presently trading at Rs 176.3.

Meanwhile, the BSE BANKEX index is at 58,410.9 (up 0.8%).

Among the top gainers in the BSE BANKEX index today are ICICI Bank (up 2.6%) and Indusind Bank (up 1.1%).

IDFC FIRST BANK (down 7.5%) and Federal Bank (down 0.5%) are among the top losers today.

Over the last one year, BANDHAN BANK has moved down from Rs 218.3 to Rs 176.3, registering a loss of Rs 42.0 (down 19.2%).

On the other hand, the BSE BANKEX index has moved up from 48,173.3 to 58,410.9, registering a gain of 21.3% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 40.8%), ICICI Bank (up 40.6%) and Federal Bank (up 30.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,653.7 (up 0.3%).

The top gainers among the BSE Sensex today are ICICI Bank (up 2.6%) and Indusind Bank (up 1.1%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 24,249.7 (up 0.3%). Shriram Transport and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,049.1 to 79,653.7, registering a gain of 15,604.6 points (up 24.4%).

BANDHAN BANK Financial Update...

BANDHAN BANK net profit grew 30.0% YoY to Rs 9,374 million for the quarter ended September 2024, compared to a profit of Rs 7,212 million a year ago. Net sales rose 22.4% to Rs 54,998 million during the period as against Rs 44,919 million in July-September 2023.

For the year ended March 2024, BANDHAN BANK reported 1.6% increase in net profit to Rs 22,296 million compared to net profit of Rs 21,946 million during FY23. Revenue of the company grew 18.6% to Rs 188,696 million during FY24.

The current Price to earnings ratio of BANDHAN BANK, based on rolling 12 month earnings, stands at 10.2.

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