IndusInd Bank slides amid volatility after announcing Q4 numbers

IndusInd Bank lost 0.9% to Rs 976 at 14:13 IST on BSE, with the stock sliding amid volatility after net profit rose 25.25% to Rs 620.35 crore on 23.38% growth in total income to Rs 4044.49 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during market hours today, 21 April 2016.

Meanwhile, the S&P BSE Sensex was up 93.95 points or 0.36% at 25,938.13.

On BSE, so far 1.63 lakh shares were traded in the counter as against average daily volume of 1.29 lakh shares in the past one quarter. The stock was volatile. The stock lost as much as 1.95% at the day's low of Rs 965.65 so far during the day. The stock rose as much as 1.05% at the day's high of Rs 995.30 so far during the day, which is a record high for the counter. 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 20 April 2016, gaining 6.22% compared with the Sensex's 3.57% rise. The scrip had also outperformed the market in past one quarter, advancing 13.6% as against Sensex's 7.41% rise.

The large-cap bank has equity capital of Rs 595 crore. Face value per share is Rs 10.

IndusInd Bank is a leading private sector bank in India.

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