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EQUITAS SMALL FINANCE BANK Plunges 3%; BSE BANKEX Index Down 0.1%
Thu, 17 Oct 9:39

EQUITAS SMALL FINANCE BANK Plunges 3%; BSE BANKEX Index Down 0.1%Image source: Ivcandy/www.istockphoto.com

EQUITAS SMALL FINANCE BANK share price has plunged 3% and is presently trading at Rs 69.9.

Meanwhile, the BSE BANKEX index is at 58,714.3 (down 0.1%).

Among the top losers in the BSE BANKEX index today are Axis Bank (down 1.0%) and HDFC Bank (down 0.7%).

SBI (up 1.0%) and ICICI Bank (up 0.3%) are among the top gainers today.

Over the last one year, EQUITAS SMALL FINANCE BANK has moved down from Rs 96.7 to Rs 69.9, registering a loss of Rs 26.8 (down 27.7%).

On the other hand, the BSE BANKEX index has moved up from 49,714.3 to 58,714.3, registering a gain of 18.1% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 41.4%), ICICI Bank (up 31.1%) and Federal Bank (up 30.7%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,533.3 .

The top gainers among the BSE Sensex today are L&T (up 1.1%) and Infosys (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,903.8 (down 0.3%). Bajaj Auto and Hero Motocorp are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 81,533.3, registering a gain of 15,366.4 points (up 23.2%).

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 12.6.


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