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Indusind Bank Gains 2%; BSE BANKEX Index Up 1.1%
Wed, 19 Jun 11:16

Indusind Bank share price has zoomed 2% and is presently trading at Rs 1,541.5.

Meanwhile, the BSE BANKEX index is at 57,943.5 (up 1.1%).

Among the top gainers in the BSE BANKEX index today are ICICI Bank (up 1.8%) and HDFC Bank (up 1.2%).

Bank of Baroda (down 0.3%) is among the top losers today.

Over the last one year, Indusind Bank has moved up from Rs 1,323.4 to Rs 1,541.5, registering a gain of Rs 218.1 (up 16.5%).

On the other hand, the BSE BANKEX index has moved up from 49,814.2 to 57,943.5, registering a gain of 16.3% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Bank of Baroda (up 52.8%), SBI (up 46.8%) and Federal Bank (up 40.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,192.0 (down 0.1%).

The top losers among the BSE Sensex today are Titan (down 3.0%) and L&T (down 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,503.7 (down 0.2%). Titan and LTIMINDTREE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,228.5 to 77,192.0, registering a gain of 13,963.5 points (up 22.1%).

Indusind Bank Financial Update...

Indusind Bank net profit grew 15.0% YoY to Rs 23,491 million for the quarter ended March 2024, compared to a profit of Rs 20,434 million a year ago. Net sales rose 21.7% to Rs 121,985 million during the period as against Rs 100,207 million in January-March 2023.

For the year ended March 2023, Indusind Bank reported 54.9% increase in net profit to Rs 74,435 million compared to net profit of Rs 48,050 million during FY22. Revenue of the company grew 18.0% to Rs 363,679 million during FY23.

The current Price to earnings ratio of Indusind Bank, based on rolling 12 month earnings, stands at 13.4.

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