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BANDHAN BANK Plunges 4%; BSE BANKEX Index Up 0.8%
Mon, 14 Oct 10:19

BANDHAN BANK Plunges 4%; BSE BANKEX Index Up 0.8%Image source: DNY59/www.istockphoto.com

BANDHAN BANK share price has plunged 4% and is presently trading at Rs 202.9.

Meanwhile, the BSE BANKEX index is at 58,713.9 (up 0.8%).

Among the top losers in the BSE BANKEX index today are Axis Bank (down 0.5%) and AU SMALL FINANCE BANK (down 0.3%).

Federal Bank (up 2.5%) and HDFC Bank (up 1.7%) are among the top gainers today.

Over the last one year, BANDHAN BANK has moved down from Rs 252.0 to Rs 202.9, registering a loss of Rs 49.1 (down 19.5%).

On the other hand, the BSE BANKEX index has moved up from 49,945.0 to 58,713.9, registering a gain of 17.6% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 36.1%), Federal Bank (up 29.8%) and ICICI Bank (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 81,833.0 (up 0.6%).

The top gainers among the BSE Sensex today are L&T (up 1.9%) and HDFC Bank (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 25,100.2 (up 0.5%). Wipro and L&T are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,079.4 to 81,833.0, registering a gain of 15,753.6 points (up 23.8%).

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 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 12.7.

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