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CSB BANK Plunges 4%; BSE BANKEX Index Up 0.3%
Mon, 29 Jul 14:59

CSB BANK Plunges 4%; BSE BANKEX Index Up 0.3%Image source: CreativaImages/www.istockphoto.com

CSB BANK share price has plunged 4% and is presently trading at Rs 348.1.

Meanwhile, the BSE BANKEX index is at 58,786.2 (up 0.3%).

Among the top losers in the BSE BANKEX index today are Kotak Bank (down 0.9%) and HDFC Bank (down 0.6%).

Bank of Baroda (up 2.5%) and Federal Bank (up 1.4%) are among the top gainers today.

Over the last one year, CSB BANK has moved up from Rs 289.2 to Rs 348.1, registering a gain of Rs 58.9 (up 20.3%).

On the other hand, the BSE BANKEX index has moved up from 51,646.9 to 58,786.2, registering a gain of 13.8% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 51.5%), SBI (up 43.3%) and Bank of Baroda (up 30.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,373.6 (up 0.1%).

The top gainers among the BSE Sensex today are L&T (up 2.7%) and Bajaj Finserv (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,857.0 (up 0.1%). BPCL and Divis Laboratories are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,373.6, registering a gain of 15,017.9 points (up 22.6%).

CSB BANK Financial Update...

CSB BANK net profit fell 3.1% YoY to Rs 1,515 million for the quarter ended March 2024, compared to a profit of Rs 1,563 million a year ago. Net sales rose 24.9% to Rs 7,949 million during the period as against Rs 6,365 million in January-March 2023.

For the year ended March 2023, CSB BANK reported 19.4% increase in net profit to Rs 5,474 million compared to net profit of Rs 4,585 million during FY22. Revenue of the company grew 13.8% to Rs 23,197 million during FY23.

The current Price to earnings ratio of CSB BANK, based on rolling 12 month earnings, stands at 10.7.

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