Image source: DNY59/www.istockphoto.comIDBI Bank share price has zoomed 5% and is presently trading at Rs 95.2.
Meanwhile, the BSE BANKEX index is at 62,517.2 (up 0.3%).
Among the top gainers in the BSE BANKEX index today are Bank of Baroda (up 2.0%) and Federal Bank (up 1.5%).
Indusind Bank (down 1.9%) and Kotak Bank (down 0.8%) are among the top losers today.
Over the last one year, IDBI Bank has moved up from Rs 88.2 to Rs 95.2, registering a gain of Rs 7.0 (up 7.9%).
On the other hand, the BSE BANKEX index has moved up from 54,942.1 to 62,517.2, registering a gain of 13.8% during the last 12 months.
The top gainers among the BSE BANKEX index stocks during this same period were HDFC Bank (up 32.0%), ICICI Bank (up 28.9%) and Federal Bank (up 22.9%).
For Investors: Forget about Market Rally… and Focus on this Giant Shift
What About the Benchmark Indices?
The BSE Sensex is at 81,596.6 (up 0.5%).
The top gainers among the BSE Sensex today are Bajaj Finserv (up 2.0%) and Tata Steel (up 1.9%). The most traded stocks in the BSE Sensex are Eternal Ltd and Tata Steel.
In the meantime, NSE Nifty is at 24,811.5 (up 0.5%). Bharat Electronics and Tata Steel are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 73,953.3 to 81,596.6, registering a gain of 7,643.3 points (up 10.3%).
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 13.5.
Indian Share Market Update: Top Gainers and Losers
