INDIAN BANK Share Price Up by 5%; BSE BANKEX Index Up 0.1%
January 14, 2021 11:14 AM

INDIAN BANK share price has zoomed 5% and is presently trading at Rs 95.

Meanwhile, the BSE BANKEX Index is at 37,120 (up 0.1%).

Among the top Gainers in the BSE BANKEX Index today is INDIAN BANK (up 5.3%).

AXIS BANK (down 0.4%) and ICICI BANK (down 0.5%) are among the top losers today.

Over the last one year, INDIAN BANK has moved down from Rs 99 to Rs 95, registering a loss of Rs 4 (down 4.5%).

On the other hand, the BSE BANKEX has moved up from 36,681 to 37,120, registering a gain of 439 points (up 0.9%) during the last 12 months.

The top buzzing stocks among the BSE BANKEX Index stocks during this same period were HDFC BANK (up 13.6%), KOTAK MAHINDRA BANK (up 12.3%) and ICICI BANK (up 2.8%).

What About the Benchmark Indices?

The BSE Sensex is at 49,523 (up 0.1%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 3.6%), L&T (up 2.3%) and TCS (up 1.2%). Other gainers include BAJAJ FINANCE (up 1.1%) and ITC (up 1.0%). The most traded stocks in the BSE Sensex are ITC and SBI.

In the meantime, NSE Nifty is at 14,577 (up 0.1%). The top gainers in the NSE Nifty include UPL (up 3.9%), INDUSIND BANK (up 3.5%) and L&T (up 2.3%). Other gainers include GAIL (up 2.2%) and BRITANNIA (up 2.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,860 to 49,523, registering a gain of 7,663 points (up 18.29%).

INDIAN BANK Financial Update...

INDIAN BANK net profit stood at Rs 2 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Operating income rose 13.3% to Rs 54.7 billion during the period as against Rs 48.2 billion in October-December 2018.

For the year ended March 2019, INDIAN BANK reported 71.0% decrease in net profit to Rs 3.8 billion compared to net profit of Rs 13.1 billion during FY18.

Revenue of the company grew 12.1% to Rs 192 billion during FY19.

The current Price to earnings ratio of INDIAN BANK, based on rolling 12 month earnings, stands at 5.8x.