IndusInd Bank rose 1.46% to Rs 644.55 at 11:12 IST on BSE, extending Monday's 1.92% rise triggered by the bank's good Q2 September 2014 earnings.
The result was announced during trading hours on Monday, 13 October 2014. Shares of IndusInd Bank rose 1.92% to Rs 635.25 on that day. The stock is up 3.41% in two sessions from Rs 623.30 on 10 October 2014.
Meanwhile, the BSE Sensex was down 96.22 points, or 0.36%, to 26,287.85.
On BSE, so far 1.04 lakh shares were traded in the counter, compared with an average volume of 78,201 shares in the past one quarter.
The stock hit a high of Rs 653 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 640 so far during the day. The stock hit a 52-week low of Rs 369.05 on 30 January 2014.
The stock had underperformed the market over the past one month till 13 October 2014, rising 0.61% compared with 2.50% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 18.46% as against Sensex's 5.43% rise.
The large-cap private sector bank has an equity capital of Rs 528.13 crore. Face value per share is Rs 10.
IndusInd Bank's net profit rose 30.27% to Rs 430.20 crore on 20.60% increase in total income to Rs 2937.03 crore in Q2 September 2014 over Q2 September 2013.
The bank's ratio of net non-performing assets (NPAs) to net advances stood at 0.33% as on 30 September 2014, compared with 0.33% as on 30 June 2014 and 0.22% as on 30 September 2013.
The bank's ratio of gross NPAs to gross advances stood at 1.08% as on 30 September 2014, compared with 1.11% as on 30 June 2014 and 1.11% as on 30 September 2013.
Provisions and contingencies fell 17.62% to Rs 73.20 crore in Q2 September 2014 over Q2 September 2013.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 12.96% as on 30 September 2014, compared with 13.11% as on 30 June 2014 and 14.58% as on 30 September 2013.
IndusInd Bank caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities.
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