Indian Bank trades jubilantly on reporting 18% rise in Q2 net profit

10 Nov 2016 Evaluate

Indian Bank is currently trading at Rs. 260.30, up by 32.85 points or 14.44 % from its previous closing of Rs. 227.45 on the BSE.

The scrip opened at Rs. 234.00 and has touched a high and low of Rs. 268.05 and Rs. 234.00 respectively. So far 369658 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 268.05 on 10-Nov-2016 and a 52 week low of Rs. 76.00 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 268.05 and Rs. 190.30 respectively. The current market cap of the company is Rs. 12470.77 crore.

The promoters holding in the company stood at 82.10%, while institutions and non-institutions held 15.02% and 2.88% respectively.

Indian Bank has reported 18.49% rise in its net profit at Rs 405.14 crore for the quarter under review as compared to Rs 341.93 crore for the same quarter in the previous year. Total income of the Bank increased by 0.61% at Rs 4579.01 crore for the quarter under review as compared Rs 4551.27 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 7.28% as compared to 4.61% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 4.62% in Q2FY17.

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
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PNB 101.40
Union Bank Of India 119.20
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