EQUITAS SMALL FINANCE BANK share price has plunged 5% and is presently trading at Rs 98.2.
Meanwhile, the BSE BANKEX index is at 60,249.5 (up 0.2%).
Among the top losers in the BSE BANKEX index today are AU SMALL FINANCE BANK (down 4.0%) and IDFC FIRST BANK (down 0.5%).
Kotak Bank (up 2.1%) and Indusind Bank (up 0.3%) are among the top gainers today.
Over the last one year, EQUITAS SMALL FINANCE BANK has moved up from Rs 84.8 to Rs 98.2, registering a gain of Rs 13.4 (up 15.8%).
On the other hand, the BSE BANKEX index has moved up from 49,297.0 to 60,249.5, registering a gain of 22.2% during the last 12 months.
The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 51.7%), Bank of Baroda (up 46.7%) and Federal Bank (up 45.7%).
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The BSE Sensex is at 79,245.0 (up 0.7%).
The top gainers among the BSE Sensex today are Ultratech Cement (up 5.3%) and NTPC (up 3.3%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.
In the meantime, NSE Nifty is at 24,036.1 (up 0.7%). Ultratech Cement and LTIMINDTREE are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 79,245.0, registering a gain of 16,275.0 points (up 25.8%).
EQUITAS SMALL FINANCE BANK net profit grew 9.3% YoY to Rs 2,076 million for the quarter ended March 2024, compared to a profit of Rs 1,900 million a year ago. Net sales rose 25.0% to Rs 14,447 million during the period as against Rs 11,557 million in January-March 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 14.0.
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