EQUITAS SMALL FINANCE BANK share price has zoomed 6% and is presently trading at Rs 70.3.
Meanwhile, the BSE BANKEX index is at 58,205.7 (down 0.2%).
Among the top gainers in the BSE BANKEX index today are AU SMALL FINANCE BANK (up 2.3%) and Bank of Baroda (up 1.7%).
IDFC FIRST BANK (down 2.5%) and ICICI Bank (down 1.2%) are among the top losers today.
Over the last one year, EQUITAS SMALL FINANCE BANK has moved down from Rs 94.3 to Rs 70.3, registering a loss of Rs 24.1 (down 25.5%).
On the other hand, the BSE BANKEX index has moved up from 48,512.5 to 58,205.7, registering a gain of 20.0% during the last 12 months.
The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 41.9%), ICICI Bank (up 34.7%) and Federal Bank (up 31.5%).
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The BSE Sensex is at 80,082.0 (down 0.2%).
The top losers among the BSE Sensex today are M&M (down 3.0%) and Sun Pharma (down 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.
In the meantime, NSE Nifty is at 24,436.0 (down 0.2%). M&M and Sun Pharma are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,082.0, registering a gain of 15,510.1 points (up 24.0%).
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 2024, EQUITAS SMALL FINANCE BANK reported 39.3% increase in net profit to Rs 7,990 million compared to net profit of Rs 5,736 million during FY23. Revenue of the company grew 31.8% to Rs 54,864 million during FY24.
The current Price to earnings ratio of EQUITAS SMALL FINANCE BANK, based on rolling 12 month earnings, stands at 12.6.
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