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SURYODAY SMALL FINANCE BANK Plunges 8%; BSE BANKEX Index Up 0.2%
Fri, 25 Oct 9:28

SURYODAY SMALL FINANCE BANK Plunges 8%; BSE BANKEX Index Up 0.2%Image source: CreativaImages/www.istockphoto.com

SURYODAY SMALL FINANCE BANK share price has plunged 8% and is presently trading at Rs 142.6.

Meanwhile, the BSE BANKEX index is at 58,622.5 (up 0.2%).

Among the top losers in the BSE BANKEX index today are Indusind Bank (down 10.0%) and AU SMALL FINANCE BANK (down 4.5%).

Axis Bank (up 2.5%) and ICICI Bank (up 0.8%) are among the top gainers today.

Over the last one year, SURYODAY SMALL FINANCE BANK has moved down from Rs 152.0 to Rs 142.6, registering a loss of Rs 9.4 (down 6.2%).

On the other hand, the BSE BANKEX index has moved up from 48,512.5 to 58,622.5, registering a gain of 20.8% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 43.9%), ICICI Bank (up 35.8%) and Federal Bank (up 31.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,109.2 (up 0.1%).

The top gainers among the BSE Sensex today are ITC (up 3.3%) and Axis Bank (up 2.5%). The most traded stocks in the BSE Sensex are Indusind Bank and ITC.

In the meantime, NSE Nifty is at 24,393.2 . Indusind Bank and NTPC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,109.2, registering a gain of 15,537.3 points (up 24.1%).

SURYODAY SMALL FINANCE BANK Financial Update...

SURYODAY SMALL FINANCE BANK net profit grew 47.2% YoY to Rs 701 million for the quarter ended June 2024, compared to a profit of Rs 476 million a year ago. Net sales rose 36.3% to Rs 4,881 million during the period as against Rs 3,581 million in April-June 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 6.4.


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