IndusInd Bank vaults after block deal

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Capital Market
Last Updated : Sep 19 2013 | 11:55 PM IST

IndusInd Bank jumped 6.64% to Rs 440 at 14:03 IST on BSE after a block deal of 3 lakh shares was executed in the scrip at Rs 462.35 per share at 9:32 IST on BSE today, 19 September 2013.

A block deal of 3 lakh shares was executed in the scrip at Rs 462.35 per share at 9:32 IST on BSE today, 19 September 2013. The block deal constituted 0.06% equity capital of IndusInd Bank.

Meanwhile, the S&P BSE Sensex was up 682.91 points, or 3.42%, to 20,645.07

On BSE, 11.32 lakh shares were traded in the counter as against an average daily volume of 2.93 lakh shares in the past one quarter.

The stock hit a high of Rs 474.45 and a low of Rs 430 so far during the day. The stock had hit a record high of Rs 530.60 on 27 May 2013. The stock had hit a 52-week low of Rs 318 on 28 August 2013.

The stock had outperformed the market over the past one month till 18 September 2013, rising 15.9% compared with the Sensex's 7.33% rise. The scrip, however, underperformed the market in past one quarter, falling 13.63% as against Sensex's 3.84% rise.

The large-cap bank has an equity capital of Rs 524.11 crore. Face value per share is Rs 10.

IndusInd Bank's net profit rose 41.7% to Rs 334.84 crore on 22.1% increase in total income to Rs 2,382.81 crore in Q1 June 2013 over Q1 June 2012.

As on 30 June 2013, IndusInd Bank had 530 branches, and 1003 ATMs spread across 380 geographical locations of the country. The Bank also has representative offices in London and Dubai.

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First Published: Sep 19 2013 | 2:11 PM IST

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