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Indusind Bank Plunges 9%; BSE BANKEX Index Up 0.1%
Fri, 25 Oct 9:12

Indusind Bank Plunges 9%; BSE BANKEX Index Up 0.1%Image source: Sefa Ozel/www.istockphoto.com

Indusind Bank share price has plunged 9% and is presently trading at Rs 1,151.1.

Meanwhile, the BSE BANKEX index is at 58,559.6 (up 0.1%).

Among the top losers in the BSE BANKEX index today are Bank of Baroda (down 0.1%) and AU SMALL FINANCE BANK (down 0.1%).

Axis Bank (up 1.2%) and Federal Bank (up 1.0%) are among the top gainers today.

Over the last one year, Indusind Bank has moved down from Rs 1,438.3 to Rs 1,151.1, registering a loss of Rs 287.3 (down 20.0%).

On the other hand, the BSE BANKEX index has moved up from 48,512.5 to 58,559.6, registering a gain of 20.7% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 44.6%), ICICI Bank (up 35.2%) and Federal Bank (up 32.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,172.8 (up 0.1%).

The top gainers among the BSE Sensex today are Nestle (up 1.4%) and HCl Tech. (up 1.3%). The most traded stocks in the BSE Sensex are {sensextoptrade2}.

In the meantime, NSE Nifty is at 24,418.1 (up 0.1%). Axis Bank and ITC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,172.8, registering a gain of 15,600.9 points (up 24.2%).

Indusind Bank Financial Update...

Indusind Bank net profit fell 39.5% YoY to Rs 13,313 million for the quarter ended September 2024, compared to a profit of Rs 22,021 million a year ago. Net sales rose 12.8% to Rs 126,863 million during the period as against Rs 112,478 million in July-September 2023.

For the year ended March 2024, Indusind Bank reported 20.6% increase in net profit to Rs 89,773 million compared to net profit of Rs 74,435 million during FY23. Revenue of the company grew 25.8% to Rs 457,482 million during FY24.

The current Price to earnings ratio of Indusind Bank, based on rolling 12 month earnings, stands at 11.0.

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