Robust Q2 performance boosts IndusInd Bank
DALAL STREET SPIKES
IndusInd Bank spurted 4.13 per cent to close at Rs 46.60 today after the company reported a 50.67 per cent jump in net profit to Rs 33.66 crore in the second quarter of FY09. The bank’s operating income rose 19.41 per cent year-on-year to Rs 549.87 crore during the second quarter.
On the back of weak global cues, the stock opened 8.27 per cent lower at Rs 41.05, (new 52-week low) and thereafter hit a high of Rs 47.60 during the day. The counter witnessed trading volumes of 283,860 shares vis-à-vis its two-week average of 182,415 shares.
The stock had touched a 52-week high of Rs 136.25 on December 10, 2007.