Image source: phive2015/www.istockphoto.comIDBI Bank share price has zoomed 5% and is presently trading at Rs 90.3.
Meanwhile, the BSE BANKEX index is at 63,257.1 (up 0.5%).
Among the top gainers in the BSE BANKEX index today are Federal Bank (up 2.0%) and SBI (up 0.9%).
IDFC FIRST BANK (down 0.2%) is among the top losers today.
Over the last one year, IDBI Bank has moved up from Rs 84.2 to Rs 90.3, registering a gain of Rs 6.1 (up 7.2%).
On the other hand, the BSE BANKEX index has moved up from 54,472.9 to 63,257.1, registering a gain of 16.1% during the last 12 months.
The top gainers among the BSE BANKEX index stocks during this same period were HDFC Bank (up 35.0%), ICICI Bank (up 29.6%) and Kotak Bank (up 27.7%).
For Investors: Forget about Market Rally… and Focus on this Giant Shift
What About the Benchmark Indices?
The BSE Sensex is at 82,343.9 .
The top gainers among the BSE Sensex today are Bajaj Finance (up 1.1%) and Power Grid Corp. (up 1.0%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.
In the meantime, NSE Nifty is at 25,039.5 (up 0.1%). Bajaj Auto and Hero Motocorp are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 72,987.0 to 82,343.9, registering a gain of 9,356.9 points (up 12.8%).
IDBI Bank Financial Update…
IDBI Bank net profit grew 25.2% YoY to Rs 20,720 million for the quarter ended March 2025, compared to a profit of Rs 16,551 million a year ago. Net sales declined 0.2% to Rs 69,830 million during the period as against Rs 69,947 million in January-March 2024.
For the year ended March 2024, IDBI Bank reported 56.2% increase in net profit to Rs 57,881 million compared to net profit of Rs 37,061 million during FY23. Revenue of the company grew 28.4% to Rs 264,457 million during FY24.
The current Price to earnings ratio of IDBI Bank, based on rolling 12 month earnings, stands at 12.8.
Indian Share Market Update: Top Gainers and Losers
