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SURYODAY SMALL FINANCE BANK Gains 5%; BSE BANKEX Index Down 0.7%
Thu, 7 Nov 14:27

SURYODAY SMALL FINANCE BANK Gains 5%; BSE BANKEX Index Down 0.7%Image source: phive2015/www.istockphoto.com

SURYODAY SMALL FINANCE BANK share price has zoomed 5% and is presently trading at Rs 162.5.

Meanwhile, the BSE BANKEX index is at 59,247.8 (down 0.7%).

Among the top gainers in the BSE BANKEX index today are Federal Bank (up 1.0%) and SBI (up 0.5%).

Indusind Bank (down 2.1%) and ICICI Bank (down 1.9%) are among the top losers today.

Over the last one year, SURYODAY SMALL FINANCE BANK has moved up from Rs 160.7 to Rs 162.5, registering a gain of Rs 1.8 (up 1.1%).

On the other hand, the BSE BANKEX index has moved up from 49,320.6 to 59,247.8, registering a gain of 20.1% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 49.6%), Federal Bank (up 43.4%) and ICICI Bank (up 35.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,550.6 (down 1.0%).

The top losers among the BSE Sensex today are Tech Mahindra (down 2.6%) and Sun Pharma (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,188.8 (down 1.2%). Hindalco and Trent are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,550.6, registering a gain of 14,591.9 points (up 22.5%).

SURYODAY SMALL FINANCE BANK Financial Update...

SURYODAY SMALL FINANCE BANK net profit fell 9.8% YoY to Rs 454 million for the quarter ended September 2024, compared to a profit of Rs 503 million a year ago. Net sales rose 35.2% to Rs 5,072 million during the period as against Rs 3,752 million in July-September 2023.

For the year ended March 2024, SURYODAY SMALL FINANCE BANK reported 178.0% increase in net profit to Rs 2,160 million compared to net profit of Rs 777 million during FY23. Revenue of the company grew 34.2% to Rs 15,887 million during FY24.

The current Price to earnings ratio of SURYODAY SMALL FINANCE BANK, based on rolling 12 month earnings, stands at 7.4.


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