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Central Bank Gains 8%; BSE BANKEX Index Up 2.0%
Mon, 25 Nov 10:38

Central Bank Gains 8%; BSE BANKEX Index Up 2.0%Image source: Ivcandy/www.istockphoto.com

Central Bank share price has zoomed 8% and is presently trading at Rs 56.6.

Meanwhile, the BSE BANKEX index is at 59,474.4 (up 2.0%).

Among the top gainers in the BSE BANKEX index today are Bank of Baroda (up 4.8%) and SBI (up 3.6%).

Over the last one year, Central Bank has moved up from Rs 45.2 to Rs 56.6, registering a gain of Rs 11.4 (up 25.3%).

On the other hand, the BSE BANKEX index has moved up from 49,253.5 to 59,474.4, registering a gain of 20.8% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 50.7%), Federal Bank (up 43.7%) and ICICI Bank (up 41.1%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,396.7 (up 1.6%).

The top gainers among the BSE Sensex today are L&T (up 3.8%) and SBI (up 3.6%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Steel.

In the meantime, NSE Nifty is at 24,320.0 (up 1.7%). Bharat Electronics and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 80,396.7, registering a gain of 14,465.9 points (up 21.9%).

Central Bank Financial Update...

Central Bank net profit grew 51.3% YoY to Rs 9,206 million for the quarter ended September 2024, compared to a profit of Rs 6,086 million a year ago. Net sales rose 11.6% to Rs 82,353 million during the period as against Rs 73,768 million in July-September 2023.

For the year ended March 2024, Central Bank reported 58.9% increase in net profit to Rs 26,677 million compared to net profit of Rs 16,788 million during FY23. Revenue of the company grew 20.2% to Rs 308,489 million during FY24.

The current Price to earnings ratio of Central Bank, based on rolling 12 month earnings, stands at 14.7.

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