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Dhanlaxmi Bank Gains 7%; BSE BANKEX Index Down 0.2%
Wed, 23 Oct 16:44

Dhanlaxmi Bank Gains 7%; BSE BANKEX Index Down 0.2%Image source: Kameleon007 /www.istockphoto.com

Dhanlaxmi Bank share price has zoomed 7% and is presently trading at Rs 36.6.

Meanwhile, the BSE BANKEX index is at 58,205.7 (down 0.2%).

Among the top gainers in the BSE BANKEX index today are AU SMALL FINANCE BANK (up 2.3%) and Bank of Baroda (up 1.7%).

IDFC FIRST BANK (down 2.5%) and ICICI Bank (down 1.2%) are among the top losers today.

Over the last one year, Dhanlaxmi Bank has moved up from Rs 27.2 to Rs 36.6, registering a gain of Rs 9.4 (up 34.7%).

On the other hand, the BSE BANKEX index has moved up from 48,512.5 to 58,205.7, registering a gain of 20.0% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 41.9%), ICICI Bank (up 34.7%) and Federal Bank (up 31.5%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,082.0 (down 0.2%).

The top losers among the BSE Sensex today are M&M (down 3.0%) and Sun Pharma (down 2.8%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,436.0 (down 0.2%). M&M and Sun Pharma are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,082.0, registering a gain of 15,510.1 points (up 24.0%).

Dhanlaxmi Bank Financial Update...

Dhanlaxmi Bank net profit grew 11.4% YoY to Rs 258 million for the quarter ended September 2024, compared to a profit of Rs 232 million a year ago. Net sales rose 8.2% to Rs 3,288 million during the period as against Rs 3,039 million in July-September 2023.

For the year ended March 2024, Dhanlaxmi Bank reported 17.1% increase in net profit to Rs 578 million compared to net profit of Rs 494 million during FY23. Revenue of the company grew 12.7% to Rs 12,070 million during FY24.

The current Price to earnings ratio of Dhanlaxmi Bank, based on rolling 12 month earnings, stands at 38.3.

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