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SURYODAY SMALL FINANCE BANK Gains 4%; BSE BANKEX Index Down 0.1%
Thu, 1 Aug 15:45

SURYODAY SMALL FINANCE BANK Gains 4%; BSE BANKEX Index Down 0.1%Image source: Chunumunu/www.istockphoto.com

SURYODAY SMALL FINANCE BANK share price has zoomed 4% and is presently trading at Rs 197.7.

Meanwhile, the BSE BANKEX index is at 58,829.8 (down 0.1%).

Among the top gainers in the BSE BANKEX index today are HDFC Bank (up 1.9%) and Axis Bank (up 0.5%).

SBI (down 1.2%) and Bank of Baroda (down 1.1%) are among the top losers today.

Over the last one year, SURYODAY SMALL FINANCE BANK has moved up from Rs 187.1 to Rs 197.7, registering a gain of Rs 10.6 (up 5.6%).

On the other hand, the BSE BANKEX index has moved up from 51,432.4 to 58,829.8, registering a gain of 14.4% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Federal Bank (up 47.7%), SBI (up 39.1%) and Bank of Baroda (up 24.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,867.6 (up 0.2%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.8%) and HDFC Bank (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Power Grid Corp..

In the meantime, NSE Nifty is at 25,006.0 (up 0.2%). Power Grid Corp. and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,867.6, registering a gain of 15,339.9 points (up 23.1%).

SURYODAY SMALL FINANCE BANK Financial Update...

SURYODAY SMALL FINANCE BANK net profit grew 56.4% YoY to Rs 608 million for the quarter ended March 2024, compared to a profit of Rs 389 million a year ago. Net sales rose 35.0% to Rs 4,447 million during the period as against Rs 3,294 million in January-March 2023.

For the year ended March 2023, SURYODAY SMALL FINANCE BANK reported 183.5% increase in net profit to Rs 777 million compared to net loss of Rs 930 million during FY22. Revenue of the company grew 25.7% to Rs 11,837 million during FY23.

The current Price to earnings ratio of SURYODAY SMALL FINANCE BANK, based on rolling 12 month earnings, stands at 9.7.


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