Indian Bank soars 1.85%

The stock is quoting at Rs 241.9, up 1.85% on the day as on 12:49 IST on the NSE. Indian Bank is down 10.82% in last one year as compared to a 3.31% spurt in NIFTY and a 9.25% spurt in the Nifty PSU Bank index.

Indian Bank is up for a third straight session in a row. The stock is quoting at Rs 241.9, up 1.85% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.58% on the day, quoting at 10573.6. The Sensex is at 35093.78, up 0.66%. Indian Bank has dropped around 24.23% in last one month.

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has dropped around 9.8% in last one month and is currently quoting at 2706.55, up 1.85% on the day. The volume in the stock stood at 7.17 lakh shares today, compared to the daily average of 24.86 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 242.2, up 1.68% on the day. Indian Bank is down 10.82% in last one year as compared to a 3.31% spurt in NIFTY and a 9.25% spurt in the Nifty PSU Bank index.

The PE of the stock is 10.41 based on TTM earnings ending June 18.

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