Indian Bank was down 0.65% to Rs 328.30 at 12:49 IST on BSE amid intraday volatility after the state-run bank reported Q1 June 2017 results.
Meanwhile, the S&P BSE Sensex was up 64.12 points or 0.2% at 31,968.52.
On the BSE, 2.53 lakh shares were traded on the counter so far as against the average daily volumes of 1.89 lakh shares in the past one quarter. The stock was volatile. The stock lost as much as 1.27% at the day's low of Rs 326.25 so far during the day. The stock rose as much as 2.66% at the day's high of Rs 339.25 so far during the day. The stock had hit a record high of Rs 364.80 on 16 May 2017 and a 52-week low of Rs 143.85 on 25 July 2016.
The stock had outperformed the market over the past one month till 20 July 2017, advancing 9.53% compared with the Sensex's 1.94% rise. The stock had also outperformed the market over the past one quarter, gaining 28.36% as against the Sensex's 8.44% rise. The scrip had also outperformed the market over the past one year, surging 113.88% as against the Sensex's 14.29% rise.
The large-cap state-run bank has equity capital of Rs 480.29 crore. Face value per share is Rs 10.
Indian Bank's net profit rose 21.16% to Rs 372.40 crore on 3.79% growth in total income to Rs 4788.04 crore in Q1 June 2017 over Q1 June 2016. The result was announced during market hours today, 21 July 2017.
The bank's gross non-performing assets (NPAs) stood at Rs 9653.01 crore as on 30 June 2017 as against Rs 9865.13 crore as on 31 March 2017 and Rs 8894.23 crore as on 30 June 2016.
The ratio of gross NPAs to gross advances stood at 7.21% as on 30 June 2017 as against 7.47% as on 31 March 2017 and 6.97% as on 30 June 2016. The ratio of net NPAs to net advances stood at 4.05% as on 30 June 2017 as against 4.39% as on 31 March 2017 and 4.48% as on 30 June 2016.
The bank's provisions and contingencies surged 71.59% to Rs 715.55 crore in Q1 June 2017 over Q1 June 2016.
Government of India held 82.11% stake in Indian Bank (as on 30 June 2017).
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