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FINO PAYMENTS BANK Gains 5%; BSE BANKEX Index Up 0.1%
Fri, 23 Aug 11:10

FINO PAYMENTS BANK Gains 5%; BSE BANKEX Index Up 0.1%Image source: asbe/www.istockphoto.com

FINO PAYMENTS BANK share price has zoomed 5% and is presently trading at Rs 412.7.

Meanwhile, the BSE BANKEX index is at 58,138.9 (up 0.1%).

Among the top gainers in the BSE BANKEX index today are ICICI Bank (up 0.6%) and Kotak Bank (up 0.2%).

Federal Bank (down 1.0%) and AU SMALL FINANCE BANK (down 0.2%) are among the top losers today.

Over the last one year, FINO PAYMENTS BANK has moved up from Rs 367.1 to Rs 412.7, registering a gain of Rs 45.6 (up 12.4%).

On the other hand, the BSE BANKEX index has moved up from 49,390.7 to 58,138.9, registering a gain of 17.7% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 49.8%), SBI (up 43.3%) and Bank of Baroda (up 33.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,123.0 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 1.7%) and M&M (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,842.6 (up 0.1%). Bajaj Auto and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,123.0, registering a gain of 15,906.9 points (up 24.4%).

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 37.4.

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