IndusInd Bank gains after block deal

IndusInd Bank rose 0.98% to Rs 403.75 at 11:43 IST on BSE after a block deal of 13.40 lakh shares was executed on BSE at Rs 403 per share at 09:32 IST.

The block deal constitutes 0.25% of IndusInd Bank's equity.

Meanwhile, the S&P BSE Sensex was up 54.05 points or 0.3% at 18,296.61.

On BSE, 13.61 lakh shares were traded in the counter as against average daily volume of 1.98 lakh shares in the past one quarter.

The stock hit a high of Rs 406.85 and a low of Rs 400.35 so far during the day. The stock had hit a 52-week low of Rs 288 on 4 June 2012. The stock had hit a record high of Rs 448.90 on 14 February 2013.

The stock underperformed the market over the past one month till 12 April 2013, sliding 7.26% compared with the Sensex's 6.76% fall. The scrip had also underperformed the market in past one quarter, declining 7.26% as against Sensex's 7.23% fall.

The large-cap private sector bank has equity capital of Rs 522.68 crore. Face value per share is Rs 10.

IndusInd Bank's net profit rose 29.8% to Rs 267.27 crore on 30.3% growth in total income to Rs 2156.29 crore in Q3 December 2012 over Q3 December 2011. The bank announces FY 2013 results on 18 April 2013.

IndusInd Bank's branch network and ATMs stood at 461 branches and 852 ATMs spread over 320 geographical locations as on 31 December 2012.

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