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FINO PAYMENTS BANK Gains 4%; BSE BANKEX Index Down 0.7%
Fri, 2 Aug 10:44

FINO PAYMENTS BANK Gains 4%; BSE BANKEX Index Down 0.7%Image source: peterschreiber.media/www.istockphoto.com

FINO PAYMENTS BANK share price has zoomed 4% and is presently trading at Rs 335.4.

Meanwhile, the BSE BANKEX index is at 58,395.4 (down 0.7%).

Among the top gainers in the BSE BANKEX index today is HDFC Bank (up 1.0%).

Bank of Baroda (down 3.1%) and SBI (down 1.6%) are among the top losers today.

Over the last one year, FINO PAYMENTS BANK has moved up from Rs 328.5 to Rs 335.4, registering a gain of Rs 6.9 (up 2.1%).

On the other hand, the BSE BANKEX index has moved up from 51,432.4 to 58,395.4, registering a gain of 13.5% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 46.5%), SBI (up 36.9%) and Axis Bank (up 21.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,054.5 (down 1.0%).

The top losers among the BSE Sensex today are Tata Motors (down 3.9%) and Maruti Suzuki (down 3.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,803.7 (down 0.8%). Tata Motors and Maruti Suzuki are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,054.5, registering a gain of 14,526.9 points (up 21.8%).

FINO PAYMENTS BANK Financial Update...

FINO PAYMENTS BANK net profit grew 29.8% YoY to Rs 243 million for the quarter ended June 2024, compared to a profit of Rs 187 million a year ago. Net sales rose 37.5% to Rs 453 million during the period as against Rs 330 million in April-June 2023.

For the year ended March 2023, FINO PAYMENTS BANK reported 52.3% increase in net profit to Rs 651 million compared to net profit of Rs 427 million during FY22. Revenue of the company grew 166.3% to Rs 949 million during FY23.

The current Price to earnings ratio of FINO PAYMENTS BANK, based on rolling 12 month earnings, stands at 30.4.

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