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Indian Bank sees heavy gains

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Indian Bank is quoting at Rs 128.2, up 4.4% on the day as on 12:49 IST on the NSE. The stock is down 40.05% in last one year as compared to a 14.9% slide in NIFTY and a 12.38% slide in the Nifty PSU Bank index.

Indian Bank gained for a third straight session today. The stock is quoting at Rs 128.2, up 4.4% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.03% on the day, quoting at 11658.85. The Sensex is at 39250.47, down 0.12%. Indian Bank has slipped around 15.66% in last one month.

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has slipped around 10.84% in last one month and is currently quoting at 2248.65, up 2.43% on the day. The volume in the stock stood at 8.83 lakh shares today, compared to the daily average of 11.42 lakh shares in last one month.

The PE of the stock is 12.62 based on TTM earnings ending June 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 22 2019. 13:05 IST
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