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BANDHAN BANK Gains 5%; BSE BANKEX Index Up 1.8%
Wed, 3 Jul 15:26

BANDHAN BANK Gains 5%; BSE BANKEX Index Up 1.8%Image source: Eoneren/www.istockphoto.com

BANDHAN BANK share price has zoomed 5% and is presently trading at Rs 211.3.

Meanwhile, the BSE BANKEX index is at 60,382.6 (up 1.8%).

Among the top gainers in the BSE BANKEX index today are Federal Bank (up 3.8%) and IDFC FIRST BANK (up 2.6%).

AU SMALL FINANCE BANK (down 1.5%) is among the top losers today.

Over the last one year, BANDHAN BANK has moved down from Rs 235.5 to Rs 211.3, registering a loss of Rs 24.2 (down 10.3%).

On the other hand, the BSE BANKEX index has moved up from 50,894.9 to 60,382.6, registering a gain of 18.6% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 43.6%), Federal Bank (up 42.4%) and Bank of Baroda (up 34.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,010.5 (up 0.7%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 2.6%) and Kotak Bank (up 2.4%). The most traded stocks in the BSE Sensex are SBI and Tata Steel.

In the meantime, NSE Nifty is at 24,295.6 (up 0.7%). Tata Consumer Products and Kotak Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,010.5, registering a gain of 14,805.4 points (up 22.7%).

BANDHAN BANK Financial Update...

BANDHAN BANK net profit fell 93.2% YoY to Rs 546 million for the quarter ended March 2024, compared to a profit of Rs 8,083 million a year ago. Net sales rose 21.6% to Rs 51,893 million during the period as against Rs 42,683 million in January-March 2023.

For the year ended March 2023, BANDHAN BANK reported 1644.6% increase in net profit to Rs 21,946 million compared to net profit of Rs 1,258 million during FY22. Revenue of the company grew 14.7% to Rs 159,047 million during FY23.

The current Price to earnings ratio of BANDHAN BANK, based on rolling 12 month earnings, stands at 15.3.

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