ING Vysya Bank inches up after block deals

A block deal of 4 lakh shares was executed at 11:08 IST. Another block deal of 2 lakh shares was executed at 11:09 IST. The two block deals constitute 0.38% of ING Vysya Bank's equity.

Meanwhile, the S&P BSE Sensex was up 12.03 points or 0.06% at 20,224.99.

On BSE, 6.11 lakh shares were traded in the counter as against average daily volume of 20,606 shares in the past one quarter.

The stock hit a high of Rs 620.70 and a low of Rs 614.10 so far during the day. The stock had hit a record high of Rs 627.40 on 22 February 2013. The stock had hit a 52-week low of Rs 310.55 on 4 June 2012.

The stock had outperformed the market over the past one month till 15 May 2013, surging 15% compared with the Sensex's 10.11% rally. The scrip had also outperformed the market in past one quarter, jumping 5.52% as against Sensex's 3.83% rise.

The private sector bank has equity capital of Rs 155.55 crore. Face value per share is Rs 10.

ING Vysya Bank's net profit jumped 33.7% to Rs 170.30 crore on 15.6% growth in total income to Rs 1454.15 crore in Q4 March 2013 over Q4 March 2012.

ING Vysya Bank is a private sector bank with retail, private and wholesale banking platforms that serve over two million customers. As of 31 March 2013, the bank had 542 branches and extension counters, 27 satellite offices and 500 ATMs.

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