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Indian Bank eases for fifth straight session

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Capital Market

Indian Bank is quoting at Rs 213.85, down 0.07% on the day as on 13:19 IST on the NSE. The stock tumbled 35.27% in last one year as compared to a 5.33% rally in NIFTY and a 14.4% fall in the Nifty PSU Bank index.

Indian Bank dropped for a fifth straight session today. The stock is quoting at 213.85, down 0.07% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.93% on the day, quoting at 11035.6. The Sensex is at 36916.55, up 0.82%.Indian Bank has eased around 13.4% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has eased around 5.49% in last one month and is currently quoting at 2910.2, up 0.97% on the day. The volume in the stock stood at 12.62 lakh shares today, compared to the daily average of 19.04 lakh shares in last one month.

 

The benchmark February futures contract for the stock is quoting at Rs 213.65, up 0.16% on the day. Indian Bank tumbled 35.27% in last one year as compared to a 5.33% rally in NIFTY and a 14.4% fall in the Nifty PSU Bank index.

The PE of the stock is 15.99 based on TTM earnings ending December 18.

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First Published: Feb 06 2019 | 1:35 PM IST

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