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BANDHAN BANK Plunges 3%; BSE BANKEX Index Down 1.1%
Wed, 24 Jul 11:22

BANDHAN BANK Plunges 3%; BSE BANKEX Index Down 1.1%Image source: CreativaImages/www.istockphoto.com

BANDHAN BANK share price has plunged 3% and is presently trading at Rs 189.7.

Meanwhile, the BSE BANKEX index is at 58,701.7 (down 1.1%).

Among the top losers in the BSE BANKEX index today are Axis Bank (down 1.6%) and ICICI Bank (down 1.4%).

Over the last one year, BANDHAN BANK has moved down from Rs 218.6 to Rs 189.7, registering a loss of Rs 28.9 (down 13.2%).

On the other hand, the BSE BANKEX index has moved up from 51,837.0 to 58,701.7, registering a gain of 13.2% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 46.1%), SBI (up 38.3%) and Axis Bank (up 27.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,213.1 (down 0.3%).

The top losers among the BSE Sensex today are Bajaj Finance (down 2.5%) and Bajaj Finserv (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,441.4 (down 0.2%). Tata Consumer Products and Bajaj Finance are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,213.1, registering a gain of 13,828.3 points (up 20.8%).

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 13.7.

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