EQUITAS SMALL FINANCE BANK share price has plunged 5% and is presently trading at Rs 74.5.
Meanwhile, the BSE BANKEX index is at 59,293.5 (down 1.3%).
Among the top losers in the BSE BANKEX index today are Federal Bank (down 2.0%) and Bank of Baroda (down 2.0%).
Over the last one year, EQUITAS SMALL FINANCE BANK has moved down from Rs 93.4 to Rs 74.5, registering a loss of Rs 18.9 (down 20.3%).
On the other hand, the BSE BANKEX index has moved up from 50,007.8 to 59,293.5, registering a gain of 18.6% during the last 12 months.
The top gainers among the BSE BANKEX index stocks during this same period were ICICI Bank (up 33.5%), SBI (up 30.6%) and Federal Bank (up 28.3%).
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The BSE Sensex is at 83,002.1 (down 1.5%).
The top losers among the BSE Sensex today are Asian Paints (down 3.0%) and Tata Motors (down 2.9%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.
In the meantime, NSE Nifty is at 25,452.9 (down 1.3%). BPCL and Bajaj Auto are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 83,002.1, registering a gain of 17,490.0 points (up 26.7%).
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 13.4.
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