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FINO PAYMENTS BANK Plunges 5%; BSE BANKEX Index Up 0.6%
Thu, 24 Oct 13:22

FINO PAYMENTS BANK Plunges 5%; BSE BANKEX Index Up 0.6%Image source: ThinkNeo/www.istockphoto.com

FINO PAYMENTS BANK share price has plunged 5% and is presently trading at Rs 368.4.

Meanwhile, the BSE BANKEX index is at 58,558.5 (up 0.6%).

Among the top losers in the BSE BANKEX index today are AU SMALL FINANCE BANK (down 0.6%) and Kotak Bank (down 0.2%).

IDFC FIRST BANK (up 2.2%) and Bank of Baroda (up 1.9%) are among the top gainers today.

Over the last one year, FINO PAYMENTS BANK has moved up from Rs 292.8 to Rs 368.4, registering a gain of Rs 75.6 (up 25.8%).

On the other hand, the BSE BANKEX index has moved up from 48,512.5 to 58,558.5, registering a gain of 20.7% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 43.6%), ICICI Bank (up 34.5%) and Federal Bank (up 32.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,060.9 .

The top losers among the BSE Sensex today are Hindustan Unilever (down 6.3%) and Nestle (down 4.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,401.9 (down 0.1%). Hindustan Unilever and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,060.9, registering a gain of 15,489.0 points (up 24.0%).

FINO PAYMENTS BANK Financial Update...

FINO PAYMENTS BANK net profit grew 8.4% YoY to Rs 212 million for the quarter ended September 2024, compared to a profit of Rs 195 million a year ago. Net sales rose 30.7% to Rs 478 million during the period as against Rs 365 million in July-September 2023.

For the year ended March 2024, FINO PAYMENTS BANK reported 32.5% increase in net profit to Rs 862 million compared to net profit of Rs 651 million during FY23. Revenue of the company grew 58.2% to Rs 1,500 million during FY24.

The current Price to earnings ratio of FINO PAYMENTS BANK, based on rolling 12 month earnings, stands at 32.8.


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