INDIAN BANK Share Price Up by 5%; BSE BANKEX Index Up 0.7%

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INDIAN BANK Share Price Up by 5%; BSE BANKEX Index Up 0.7%
Thu, 21 Oct 02:37 PM

INDIAN BANK share price has zoomed 5% and is presently trading at Rs 172.

Meanwhile, the BSE BANKEX Index is at 45,338 (up 0.7%).

Among the top Gainers in the BSE BANKEX Index today are INDIAN BANK (up 5.1%) and KOTAK MAHINDRA BANK (up 5.9%).

HDFC BANK (down 0.2%) and ICICI 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 172, registering a gain of Rs 112 (up 187.5%).

On the other hand, the BSE BANKEX has moved up from 27,574 to 45,338, registering a gain of 17,764 points (up 64.4%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were SBI (up 144.3%), INDUSIND BANK (up 86.9%) and ICICI BANK (up 78.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 61,621 (down 0.9%).

The top gainers among the BSE Sensex stocks today are KOTAK MAHINDRA BANK (up 5.9%), HDFC (up 1.6%) and ONGC (up 1.3%). Other gainers include POWER GRID (up 0.5%) and NTPC (up 0.4%). The most traded stocks in the BSE Sensex are NTPC and ONGC.

In the meantime, NSE Nifty is at 18,384 (down 0.7%). The top gainers in the NSE Nifty include KOTAK MAHINDRA BANK (up 5.8%), BPCL (up 2.3%) and TATA MOTORS (up 2.3%). Other gainers include GRASIM (up 2.2%) and HDFC (up 1.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,432 to 61,621, registering a gain of 21,189 points (up 50.12%).

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 5.1x.

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

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