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FINO PAYMENTS BANK Gains 7%; BSE BANKEX Index Up 0.0%
Thu, 8 Aug 11:31

FINO PAYMENTS BANK Gains 7%; BSE BANKEX Index Up 0.0%Image source: Nikada/www.istockphoto.com

FINO PAYMENTS BANK share price has zoomed 7% and is presently trading at Rs 357.5.

Meanwhile, the BSE BANKEX index is at 57,060.8 .

Among the top gainers in the BSE BANKEX index today are HDFC Bank (up 1.0%) and Federal Bank (up 0.9%).

ICICI Bank (down 0.6%) and Indusind Bank (down 0.6%) are among the top losers today.

Over the last one year, FINO PAYMENTS BANK has moved up from Rs 344.3 to Rs 357.5, registering a gain of Rs 13.2 (up 3.8%).

On the other hand, the BSE BANKEX index has moved up from 50,325.8 to 57,060.8, registering a gain of 13.4% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 45.3%), SBI (up 43.2%) and Bank of Baroda (up 28.5%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,162.9 (down 0.4%).

The top losers among the BSE Sensex today are Infosys (down 2.1%) and Power Grid Corp. (down 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,197.2 (down 0.4%). BPCL and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,162.9, registering a gain of 13,209.4 points (up 20.0%).

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 32.4.

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