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BANDHAN BANK Plunges 5%; BSE BANKEX Index Down 1.3%
Fri, 25 Oct 12:24

BANDHAN BANK Plunges 5%; BSE BANKEX Index Down 1.3%Image source: ThinkNeo/www.istockphoto.com

BANDHAN BANK share price has plunged 5% and is presently trading at Rs 171.2.

Meanwhile, the BSE BANKEX index is at 57,746.3 (down 1.3%).

Among the top losers in the BSE BANKEX index today are Indusind Bank (down 19.4%) and AU SMALL FINANCE BANK (down 5.7%).

Kotak Bank (up 0.6%) and Axis Bank (up 0.3%) are among the top gainers today.

Over the last one year, BANDHAN BANK has moved down from Rs 220.9 to Rs 171.2, registering a loss of Rs 49.8 (down 22.5%).

On the other hand, the BSE BANKEX index has moved up from 48,512.5 to 57,746.3, registering a gain of 19.0% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 41.3%), ICICI Bank (up 34.2%) and Federal Bank (up 29.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,359.7 (down 0.9%).

The top losers among the BSE Sensex today are Indusind Bank (down 19.4%) and M&M (down 4.7%). The most traded stocks in the BSE Sensex are Tata Steel and Indusind Bank.

In the meantime, NSE Nifty is at 24,135.5 (down 1.1%). Indusind Bank and M&M are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 79,359.7, registering a gain of 14,787.8 points (up 22.9%).

BANDHAN BANK Financial Update...

BANDHAN BANK net profit grew 47.5% YoY to Rs 10,635 million for the quarter ended June 2024, compared to a profit of Rs 7,211 million a year ago. Net sales rose 22.4% to Rs 55,358 million during the period as against Rs 45,229 million in April-June 2023.

For the year ended March 2024, BANDHAN BANK reported 1.6% increase in net profit to Rs 22,296 million compared to net profit of Rs 21,946 million during FY23. Revenue of the company grew 18.6% to Rs 188,696 million during FY24.

The current Price to earnings ratio of BANDHAN BANK, based on rolling 12 month earnings, stands at 10.7.

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