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FINO PAYMENTS BANK Gains 5%; BSE BANKEX Index Up 0.1%
Tue, 1 Oct 13:25

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

FINO PAYMENTS BANK share price has zoomed 5% and is presently trading at Rs 416.4.

Meanwhile, the BSE BANKEX index is at 60,125.9 (up 0.1%).

Among the top gainers in the BSE BANKEX index today are Federal Bank (up 1.4%) and SBI (up 1.3%).

Indusind Bank (down 2.1%) and HDFC Bank (down 0.5%) are among the top losers today.

Over the last one year, FINO PAYMENTS BANK has moved up from Rs 317.1 to Rs 416.4, registering a gain of Rs 99.3 (up 31.3%).

On the other hand, the BSE BANKEX index has moved up from 50,085.7 to 60,125.9, registering a gain of 20.0% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 35.3%), ICICI Bank (up 34.9%) and Federal Bank (up 32.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 84,255.8 (down 0.1%).

The top losers among the BSE Sensex today are Indusind Bank (down 2.1%) and Asian Paints (down 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 25,771.1 (down 0.2%). Indusind Bank and Asian Paints are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,118.7 to 84,255.8, registering a gain of 18,137.1 points (up 27.4%).

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 2024, FINO PAYMENTS BANK reported 32.5% increase in net profit to Rs 862 million compared to net profit of Rs 651 million during FY23. Revenue of the company grew 58.2% to Rs 1,500 million during FY24.

The current Price to earnings ratio of FINO PAYMENTS BANK, based on rolling 12 month earnings, stands at 37.7.

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