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EQUITAS SMALL FINANCE BANK Gains 5%; BSE BANKEX Index Down 0.1%
Wed, 14 Aug 15:33

EQUITAS SMALL FINANCE BANK Gains 5%; BSE BANKEX Index Down 0.1%Image source: alexsl/www.istockphoto.com

EQUITAS SMALL FINANCE BANK share price has zoomed 5% and is presently trading at Rs 79.0.

Meanwhile, the BSE BANKEX index is at 56,732.1 (down 0.1%).

Among the top gainers in the BSE BANKEX index today are SBI (up 0.8%) and HDFC Bank (up 0.3%).

AU SMALL FINANCE BANK (down 1.3%) and IDFC FIRST BANK (down 1.0%) are among the top losers today.

Over the last one year, EQUITAS SMALL FINANCE BANK has moved down from Rs 85.9 to Rs 79.0, registering a loss of Rs 6.8 (down 8.0%).

On the other hand, the BSE BANKEX index has moved up from 49,462.3 to 56,732.1, registering a gain of 14.7% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 52.4%), SBI (up 43.3%) and Bank of Baroda (up 27.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,138.9 (up 0.2%).

The top gainers among the BSE Sensex today are TCS (up 2.4%) and HCl Tech. (up 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,144.5 . TCS and HCl Tech. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,138.9, registering a gain of 13,737.0 points (up 21.0%).

EQUITAS SMALL FINANCE BANK Financial Update...

EQUITAS SMALL FINANCE BANK net profit fell 86.5% YoY to Rs 258 million for the quarter ended June 2024, compared to a profit of Rs 1,912 million a year ago. Net sales rose 19.7% to Rs 15,010 million during the period as against Rs 12,540 million in April-June 2023.

For the year ended March 2023, EQUITAS SMALL FINANCE BANK reported 104.3% increase in net profit to Rs 5,736 million compared to net profit of Rs 2,807 million during FY22. Revenue of the company grew 20.3% to Rs 41,619 million during FY23.

The current Price to earnings ratio of EQUITAS SMALL FINANCE BANK, based on rolling 12 month earnings, stands at 14.2.


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