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FINO PAYMENTS BANK Plunges 4%; BSE BANKEX Index Up 0.5%
Wed, 26 Jun 12:22

FINO PAYMENTS BANK Plunges 4%; BSE BANKEX Index Up 0.5%Image source: ThinkNeo/www.istockphoto.com

FINO PAYMENTS BANK share price has plunged 4% and is presently trading at Rs 304.9.

Meanwhile, the BSE BANKEX index is at 60,102.1 (up 0.5%).

Among the top losers in the BSE BANKEX index today is HDFC Bank (down 0.2%).

AU SMALL FINANCE BANK (up 1.7%) and Federal Bank (up 1.4%) are among the top gainers today.

Over the last one year, FINO PAYMENTS BANK has moved up from Rs 256.8 to Rs 304.9, registering a gain of Rs 48.1 (up 18.7%).

On the other hand, the BSE BANKEX index has moved up from 49,297.0 to 60,102.1, registering a gain of 21.9% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 51.6%), Bank of Baroda (up 48.0%) and Federal Bank (up 47.0%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 78,498.2 (up 0.6%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 3.3%) and Reliance Ind. (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 23,843.1 (up 0.5%). Ultratech Cement and Reliance Ind. are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,970.0 to 78,498.2, registering a gain of 15,528.2 points (up 24.7%).

FINO PAYMENTS BANK Financial Update...

FINO PAYMENTS BANK net profit grew 14.2% YoY to Rs 252 million for the quarter ended March 2024, compared to a profit of Rs 221 million a year ago. Net sales rose 40.8% to Rs 414 million during the period as against Rs 294 million in January-March 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 29.4.

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