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EQUITAS SMALL FINANCE BANK Plunges 4%; BSE BANKEX Index Up 0.9%
Mon, 29 Jul 9:23

EQUITAS SMALL FINANCE BANK Plunges 4%; BSE BANKEX Index Up 0.9%Image source: Kameleon007 /www.istockphoto.com

EQUITAS SMALL FINANCE BANK share price has plunged 4% and is presently trading at Rs 84.4.

Meanwhile, the BSE BANKEX index is at 59,165.0 (up 0.9%).

Among the top losers in the BSE BANKEX index today are IDFC FIRST BANK (down 0.7%) and HDFC Bank (down 0.3%).

Indusind Bank (up 2.3%) and ICICI Bank (up 1.7%) are among the top gainers today.

Over the last one year, EQUITAS SMALL FINANCE BANK has moved down from Rs 95.8 to Rs 84.4, registering a loss of Rs 11.4 (down 11.9%).

On the other hand, the BSE BANKEX index has moved up from 51,646.9 to 59,165.0, registering a gain of 14.6% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 50.5%), SBI (up 43.0%) and Bank of Baroda (up 29.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,692.5 (up 0.4%).

The top gainers among the BSE Sensex today are Indusind Bank (up 2.3%) and NTPC (up 2.2%). The most traded stocks in the BSE Sensex are ICICI Bank and Bharti Airtel.

In the meantime, NSE Nifty is at 24,932.1 (up 0.4%). NTPC and IOC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,692.5, registering a gain of 15,336.8 points (up 23.1%).

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 15.1.


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