Indian Bank trades jubilantly as GoI plan to infuse Rs 280 crore

10 Feb 2015 Evaluate

Indian Bank is currently trading at Rs. 182.10, up by 6.60 points or 3.76% from its previous closing of Rs. 175.50 on the BSE.

The scrip opened at Rs. 175.60 and has touched a high and low of Rs. 184.25 and Rs. 173.85 respectively. So far 11006 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 224.20 on 01-Jan-2015 and a 52 week low of Rs. 86.35 on 26-Feb-2014.

Last one week high and low of the scrip stood at Rs. 191.90 and Rs. 173.10 respectively. The current market cap of the company is Rs. 8483.48 crore.

The promoters holding in the company stood at 81.51%, while Institutions and Non-Institutions held 14.59% and 3.90% respectively.

Government of India (GoI) has decided to infuse capital funds to the tune of Rs 280 crore in the Indian Bank by way of preferential allotment of equity in favour of the GoI. The Bank is taking all necessary steps / approvals in this regard.

Recently, the bank reported a rise of 4.92% in its net profit at Rs 277.52 crore for the quarter under review as compared to Rs 264.5 crore for the same quarter in the previous year. Total income of the bank increased 5.09 % at Rs 4321.46 crore for Q3FY15 as compared Rs 4112.33 crore for the corresponding quarter previous year.

Indian Bank Share Price

537.35 0.85 (0.16%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
SBI 820.95
Bank Of Baroda 246.25
Canara Bank 101.10
PNB 101.40
Union Bank Of India 119.20
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