INDUSIND BANK Share Price Up by 10%; BSE BANKEX Index Up 1.1%

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INDUSIND BANK Share Price Up by 10%; BSE BANKEX Index Up 1.1%
Thu, 16 Sep 11:25 AM

INDUSIND BANK share price has zoomed 10% and is presently trading at Rs 1,172.

Meanwhile, the BSE BANKEX Index is at 42,536 (up 1.1%).

Among the top Gainers in the BSE BANKEX Index today is INDUSIND BANK (up 10.2%).

Over the last one year, INDUSIND BANK has moved up from Rs 609 to Rs 1,172, registering a gain of Rs 563 (up 90.7%).

On the other hand, the BSE BANKEX has moved up from 25,107 to 42,536, registering a gain of 17,429 points (up 69.4%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were SBI (up 127.6%), ICICI BANK (up 97.1%) and INDUSIND BANK (up 90.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 58,908 (up 0.1%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 10.2%), ITC (up 6.4%) and SBI (up 1.8%). Other gainers include POWER GRID (up 1.4%) and BAJAJ AUTO (up 0.9%). The most traded stocks in the BSE Sensex are ITC and INDUSIND BANK.

In the meantime, NSE Nifty is at 17,577 (up 0.1%). The top gainers in the NSE Nifty include INDUSIND BANK (up 10.3%), ITC (up 6.4%) and SBI (up 1.8%). Other gainers include POWER GRID (up 1.3%) and HERO MOTOCORP (up 1.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,757 to 58,908, registering a gain of 20,151 points (up 51.74%).

INDUSIND BANK Financial Update...

INDUSIND BANK net profit stood at Rs 10 billion for the quarter ended June 2021, compared to a profit of Rs 8 billion a year ago. Operating income rose 4.6% to Rs 75.7 billion during the period as against Rs 72.4 billion in April-June 2020.

For the year ended March 2021, INDUSIND BANK reported 34.3% decrease in net profit to Rs 29.3 billion compared to net profit of Rs 44.6 billion during FY20.

Revenue of the company grew 0.8% to Rs 290 billion during FY21.

The current Price to earnings ratio of INDUSIND BANK, based on rolling 12 month earnings, stands at 26.1x.



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