Indian Bank share price has zoomed 7% and is presently trading at Rs 568.2.
Meanwhile, the BSE BANKEX index is at 59,474.4 (up 2.0%).
Among the top gainers in the BSE BANKEX index today are Bank of Baroda (up 4.8%) and SBI (up 3.6%).
Over the last one year, Indian Bank has moved up from Rs 420.7 to Rs 568.2, registering a gain of Rs 147.5 (up 35.1%).
On the other hand, the BSE BANKEX index has moved up from 49,253.5 to 59,474.4, 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 50.7%), Federal Bank (up 43.7%) and ICICI Bank (up 41.1%).
Don't Miss: Key Information for Long-term Investors
The BSE Sensex is at 80,396.7 (up 1.6%).
The top gainers among the BSE Sensex today are L&T (up 3.8%) and SBI (up 3.6%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Steel.
In the meantime, NSE Nifty is at 24,320.0 (up 1.7%). Bharat Electronics and BPCL are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,930.8 to 80,396.7, registering a gain of 14,465.9 points (up 21.9%).
Indian Bank net profit grew 36.4% YoY to Rs 27,400 million for the quarter ended September 2024, compared to a profit of Rs 20,081 million a year ago. Net sales rose 11.7% to Rs 153,690 million during the period as against Rs 137,638 million in July-September 2023.
For the year ended March 2024, Indian Bank reported 51.1% increase in net profit to Rs 84,194 million compared to net profit of Rs 55,723 million during FY23. Revenue of the company grew 23.7% to Rs 556,497 million during FY24.
The current Price to earnings ratio of Indian Bank, based on rolling 12 month earnings, stands at 8.0.
Equitymaster requests your view! Post a comment on "Indian Bank Gains 7%; BSE BANKEX Index Up 2.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!