Indian Bank surges 5% on good Q4 numbers

The stock touched a high of Rs 136, up 7%. It finally ended 5% higher at Rs 134. A total of 492,750 shares were traded on teh BSE today.
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(Upated at 1011 hrs)

Indian Bank has gained 3.5% on good FY09 perfomance.

The stock opened at Rs 128. It touched a high of Rs 134. It is now trading up 3.5% at Rs 132. Around 14,707 shares have been traded on the BSE so far.

According to a release issued by the bank to the BSE, the consolidated net profit has increased 20% to Rs 1,255 crore in the year ended March 31, 2009 from Rs 1,043 crore in the corresponding fiscal. The total income  has surged 26% to Rs 7,879 crore in FY09 from Rs 6,268 crore in FY08.