IndusInd Bank declines after reporting Q3 results

IndusInd Bank declined 2.5% to Rs 914.20 at 14:40 IST on BSE after the bank announced that net profit rose 29.92% to Rs 581.02 crore on 22.05% rise in total income to Rs 3766.70 crore in Q3 December 2015 over Q3 December 2014.

The Q3 result was announced during market hours today, 12 January 2016.

Meanwhile, the S&P BSE Sensex was down 184.14 points or 0.74% at 24,640.90.

High volumes were witnessed on the counter. On BSE, so far 2.2 lakh shares were traded in the counter as against average daily volume of 67,119 shares in the past one quarter. The stock hit high of Rs 942 and low of Rs 908.55 so far during the day. The stock had hit a record high of Rs 988.50 on 31 July 2015. The stock had hit a 52-week low of Rs 784.45 on 12 June 2015. The stock had outperformed the market over the past one month till 11 January 2016, rising 2.32% compared with 0.88% decline in the Sensex. The scrip had also outperformed the market in past one quarter, declining 0.15% as against Sensex's 8.33% decline.

The large-cap bank has equity capital of Rs 593.65 crore. Face value per share is Rs 10.

IndusInd Bank is a leading private sector bank in India.

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