IndusInd Bank drops after 4-day 4.5% gains

Meanwhile, the BSE Sensex was down 19.86 points or 0.1% at 429.

On BSE, 64,000 shares were traded in the counter as against average daily volume of 1.67 lakh shares in the past one quarter.

The stock hit a high of Rs 433.85 and a low of Rs 429 so far during the day. The stock had hit record high of Rs 437 on 2 January 2013. The stock had hit a 52-week low of Rs 237.15 on 4 January 2012.

The stock had outperformed the market over the past one month till 3 January 2013, rising 3.08% compared with the Sensex's 2.38% rise. The scrip had also outperformed the market in past one quarter, surging 17.46% as against Sensex's 4.74% gain.

The large-cap private sector bank has equity capital of Rs 522.05 crore. Face value per share is Rs 10.

Shares of IndusInd Bank had risen 4.59% in four trading sessions to settle at Rs 433.95 on Thursday, 3 January 2013, from a recent low of Rs 414.90 on 28 December 2012.

IndusInd Bank on 11 December 2012 raised Rs 2000.64 crore through a qualified institutional placement (QIP) by allotting 5.21 crore shares at Rs 384 per share.

IndusInd Bank's net profit rose 29.6% to Rs 250.25 crore on 31.1% growth in total income to Rs 2048.42 crore in Q2 September 2012 over Q2 September 2011. The bank announces Q3 December 2012 results on 9 January 2013.

IndusInd Bank had 441 branches and 796 ATMs spread across 303 geographic locations of the country as on 30 September 2012.

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