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.



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