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EQUITAS SMALL FINANCE BANK Gains 6%; BSE BANKEX Index Up 1.6%
Fri, 16 Aug 15:42

EQUITAS SMALL FINANCE BANK Gains 6%; BSE BANKEX Index Up 1.6%Image source: Sakorn BernardaSv/www.istockphoto.com

EQUITAS SMALL FINANCE BANK share price has zoomed 6% and is presently trading at Rs 83.0.

Meanwhile, the BSE BANKEX index is at 57,633.8 (up 1.6%).

Among the top gainers in the BSE BANKEX index today are ICICI Bank (up 2.3%) and IDFC FIRST BANK (up 1.9%).

Over the last one year, EQUITAS SMALL FINANCE BANK has moved down from Rs 85.9 to Rs 83.0, registering a loss of Rs 2.8 (down 3.3%).

On the other hand, the BSE BANKEX index has moved up from 49,462.3 to 57,633.8, registering a gain of 16.5% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 53.0%), SBI (up 44.8%) and Bank of Baroda (up 28.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,436.8 (up 1.7%).

The top gainers among the BSE Sensex today are Tech Mahindra (up 3.9%) and M&M (up 3.4%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,539.2 (up 1.6%). Wipro and Tech Mahindra are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 80,436.8, registering a gain of 15,034.9 points (up 23.0%).

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 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 14.9.

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