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FINO PAYMENTS BANK Gains 18%; BSE BANKEX Index Up 1.3%
Wed, 19 Jun 13:24

FINO PAYMENTS BANK share price has zoomed 18% and is presently trading at Rs 335.1.

Meanwhile, the BSE BANKEX index is at 58,084.3 (up 1.3%).

Among the top gainers in the BSE BANKEX index today are Axis Bank (up 2.1%) and HDFC Bank (up 1.8%).

Bank of Baroda (down 1.0%) is among the top losers today.

Over the last one year, FINO PAYMENTS BANK has moved up from Rs 233.4 to Rs 335.1, registering a gain of Rs 101.7 (up 43.6%).

On the other hand, the BSE BANKEX index has moved up from 49,814.2 to 58,084.3, registering a gain of 16.6% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Bank of Baroda (up 51.8%), SBI (up 46.8%) and Federal Bank (up 40.9%).

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

What About the Benchmark Indices?

The BSE Sensex is at 77,380.8 (up 0.1%).

The top gainers among the BSE Sensex today are Axis Bank (up 2.1%) and HDFC Bank (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,534.4 (down 0.1%). Titan and L&T are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,228.5 to 77,380.8, registering a gain of 14,152.3 points (up 22.4%).

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 32.3.

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