INDIAN BANK Share Price Up by 5%; BSE BANKEX Index Up 0.2%

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INDIAN BANK Share Price Up by 5%; BSE BANKEX Index Up 0.2%
Fri, 22 Oct 09:33 AM

INDIAN BANK share price has zoomed 5% and is presently trading at Rs 185.

Meanwhile, the BSE BANKEX Index is at 46,058 (up 0.2%).

Among the top Gainers in the BSE BANKEX Index today is INDIAN BANK (up 5.4%).

ICICI BANK (down 0.2%) and FEDERAL BANK (down 0.2%) are among the top losers today.

Over the last one year, INDIAN BANK has moved up from Rs 60 to Rs 185, registering a gain of Rs 125 (up 207.9%).

On the other hand, the BSE BANKEX has moved up from 27,593 to 46,058, registering a gain of 18,465 points (up 66.2%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were SBI (up 148.8%), INDUSIND BANK (up 89.5%) and ICICI BANK (up 82.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 61,284 (up 0.6%).

The top gainers among the BSE Sensex stocks today are HDFC (up 2.5%), TECH MAHINDRA (up 2.0%) and BAJAJ AUTO (up 1.5%). Other gainers include TITAN (up 1.4%) and HDFC BANK (up 1.1%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 18,284 (up 0.6%). The top gainers in the NSE Nifty include TITAN (up 2.8%), HDFC (up 2.3%) and BAJAJ AUTO (up 1.7%). Other gainers include TECH MAHINDRA (up 1.5%) and M&M (up 1.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,544 to 61,284, registering a gain of 20,740 points (up 51.11%).

INDIAN BANK Financial Update...

INDIAN BANK net profit stood at Rs 12 billion for the quarter ended June 2021, compared to a profit of Rs 5 billion a year ago. Operating income declined 4.0% to Rs 96.2 billion during the period as against Rs 100.3 billion in April-June 2020.

For the year ended March 2021, INDIAN BANK reported 297.8% increase in net profit to Rs 30.2 billion compared to net profit of Rs 7.6 billion during FY20.

Revenue of the company grew 82.7% to Rs 391 billion during FY21.

The current Price to earnings ratio of INDIAN BANK, based on rolling 12 month earnings, stands at 5.4x.

What else is happening in the markets today? Dig in...

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