IndusInd Bank scales record high

Meanwhile, the S&P BSE Sensex was up 145.66 points, or 0.74%, to 19,819.30.

On BSE, 1.32 lakh shares were traded in the counter as against an average daily volume of 2.81 lakh shares in the past one quarter.

The stock hit a high of Rs 494 so far during the day, which is record high for the stock. The stock hit a low of Rs 470.05 so far during the day. The stock had hit a 52-week low of Rs 288 on 4 June 2012.

The stock had outperformed the market over the past one month till 6 May 2013, rising 18.11% compared with the Sensex's 6.63% rise. The scrip had also outperformed the market in past one quarter, rising 10.13% as against Sensex's 0.17% rise.

The large-cap private sector bank has an equity capital of Rs 522.76 crore. Face value per share is Rs 10.

The stock witnessed a strong upmove after reporting robust Q4 results. From a recent low of 419.80 on 17 April 2013, the stock had jumped 12.76% to settle at Rs 473.40 on Monday, 6 May 2013.

IndusInd Bank's net profit rose 37.6% to Rs 307.40 crore on 23.6% increase in total income to Rs 2190.66 crore in Q4 March 2013 over Q4 March 2012. The bank announced Q4 March 2013 results on 18 April 2013.

The bank's operating profit rose 43% to Rs 543.45 crore, net interest income (NII) rose 42% to Rs 661.23 crore, total non interest income rose 26% to Rs 367.89 crore and core fee income rose 31% to Rs 344.92 crore in Q4 March 2013 over Q4 March 2012.

Net interest margin (NIM) edged up to 3.7% in Q4 March 2013 from 3.29% in Q4 March 2012.

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