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BANDHAN BANK Plunges 2%; BSE BANKEX Index Up 0.3%
Tue, 25 Jun 9:35

BANDHAN BANK Plunges 2%; BSE BANKEX Index Up 0.3%Image source: StarLineArts/www.istockphoto.com

BANDHAN BANK share price has plunged 2% and is presently trading at Rs 202.7.

Meanwhile, the BSE BANKEX index is at 58,913.3 (up 0.3%).

Among the top losers in the BSE BANKEX index today are Kotak Bank (down 0.4%) and ICICI Bank (down 0.1%).

HDFC Bank (up 1.0%) and Bank of Baroda (up 0.9%) are among the top gainers today.

Over the last one year, BANDHAN BANK has moved down from Rs 241.6 to Rs 202.7, registering a loss of Rs 39.0 (down 16.1%).

On the other hand, the BSE BANKEX index has moved up from 49,545.7 to 58,913.3, registering a gain of 18.9% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 47.9%), Federal Bank (up 43.6%) and Bank of Baroda (up 42.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,489.1 (up 0.2%).

The top gainers among the BSE Sensex today are HDFC Bank (up 1.0%) and Ultratech Cement (up 0.9%). The most traded stocks in the BSE Sensex are ICICI Bank and HDFC Bank.

In the meantime, NSE Nifty is at 23,578.6 (up 0.2%). HDFC Bank and Hindalco are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,489.1, registering a gain of 13,965.9 points (up 22.0%).

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 14.6.

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