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Indian Bank slips for fifth straight session

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Indian Bank is quoting at Rs 227.7, down 1.39% on the day as on 13:24 IST on the NSE. The stock tumbled 34.16% in last one year as compared to a 6.28% rally in NIFTY and a 10.79% fall in the Nifty PSU Bank index.

Indian Bank dropped for a fifth straight session today. The stock is quoting at Rs 227.7, down 1.39% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.37% on the day, quoting at 11644.7. The Sensex is at 39084.16, down 0.34%.Indian Bank has lost around 9.98% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has increased around 3.55% in last one month and is currently quoting at 3177.55, down 2.72% on the day. The volume in the stock stood at 3.35 lakh shares today, compared to the daily average of 10.17 lakh shares in last one month.

The PE of the stock is 35.02 based on TTM earnings ending March 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: Thu, July 18 2019. 13:36 IST
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