KARNATAKA BANK at 52 Week High; BSE 500 Index Up 0.0%

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KARNATAKA BANK share price has hit a 52-week high at Rs 131 (up 3.4%).

Meanwhile, the BSE 500 Index is at 15,006 (up 0.2%).

Among the top gainers in the BSE 500 Index today are KARNATAKA BANK (up 3.4%) and INDO COUNT (up 18.0%).

FUTURE CONSUMER (down 6.0%) and SUZLON ENERGY (down 5.6%) are among the top losers today.

Over the last one year, KARNATAKA BANK has moved up from Rs 116 to Rs 131, registering a gain of Rs 15 (up 11.62%).

The BSE 500 has moved up from 14,440 to 15,006, registering a gain of 566 points (up 3.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BAJAJ FINANCE (up 69.9%), MUTHOOT FINANCE (up 57.0%) and ADITYA BIRLA FASHION & RETAIL (up 56.9%).

What About the Benchmark Indices?

The BSE Sensex is at 37,794 (up 0.7%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 4.2%), YES BANK (up 3.8%) and BAJAJ FINANCE (up 2.8%). Other gainers include HDFC BANK (up 2.7%) and SBI (up 2.2%). The most traded stocks in the BSE Sensex are YES BANK and INDUSIND BANK.

In the meantime, NSE Nifty is at 11,352 (up 0.4%). INDUSIND BANK (up 4.3%) and YES BANK (up 3.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,918 to 37,794, registering a gain of 3,876 points (up 11.4%).

KARNATAKA BANK Financial Update…

KARNATAKA BANK net profit stood at Rs 1 billion for the quarter ended December 2018, compared to a profit of Rs 874 million a year ago. Operating income rose 13.7% to Rs 15.1 billion during the period as against Rs 13.3 billion in October-December 2017.

For the year ended March 2018, KARNATAKA BANK reported 2.3% increase in net profit to Rs 4.6 billion compared to net profit of Rs 4.5 billion during FY17.

Revenue of the company grew 4.6% to Rs 54 billion during FY18.

The current Price to earnings ratio of KARNATAKA BANK, based on rolling 12 month earnings, stands at 8.6x. p >

This article (KARNATAKA BANK at 52 Week High; BSE 500 Index Up 0.0% ) is authored by Equitymaster.

Equitymaster is a leading ‘independent’ equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Source: equitymaster.com

Post Author: kwiknewz

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