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SURYODAY SMALL FINANCE BANK Gains 6%; BSE BANKEX Index Down 0.4%
Wed, 30 Oct 9:24

SURYODAY SMALL FINANCE BANK Gains 6%; BSE BANKEX Index Down 0.4%Image source: Eoneren/www.istockphoto.com

SURYODAY SMALL FINANCE BANK share price has zoomed 6% and is presently trading at Rs 143.8.

Meanwhile, the BSE BANKEX index is at 59,427.6 (down 0.4%).

Among the top gainers in the BSE BANKEX index today is Indusind Bank (up 0.6%).

Axis Bank (down 0.7%) and ICICI Bank (down 0.6%) are among the top losers today.

Over the last one year, SURYODAY SMALL FINANCE BANK has moved down from Rs 155.2 to Rs 143.8, registering a loss of Rs 11.4 (down 7.3%).

On the other hand, the BSE BANKEX index has moved up from 48,604.7 to 59,427.6, registering a gain of 22.3% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 46.7%), ICICI Bank (up 43.3%) and Federal Bank (up 42.1%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,028.3 (down 0.4%).

The top losers among the BSE Sensex today are Sun Pharma (down 1.9%) and Titan (down 1.2%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,365.2 (down 0.4%). Cipla and Dr. Reddys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,028.3, registering a gain of 15,915.6 points (up 24.8%).

SURYODAY SMALL FINANCE BANK Financial Update...

SURYODAY SMALL FINANCE BANK net profit fell 9.8% YoY to Rs 454 million for the quarter ended September 2024, compared to a profit of Rs 503 million a year ago. Net sales rose 35.2% to Rs 5,072 million during the period as against Rs 3,752 million in July-September 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 6.5.


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