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Indian Bank slips for fifth straight session

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Indian Bank is quoting at Rs 88.9, down 0.84% on the day as on 13:24 IST on the NSE. The stock jumped 7.26% in last one year as compared to a 13.02% rally in NIFTY and a 17.63% spurt in the Nifty PSU Bank index.

Indian Bank dropped for a fifth straight session today. The stock is quoting at Rs 88.9, down 0.84% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.46% on the day, quoting at 12145.6. The Sensex is at 41343.61, down 0.53%.Indian Bank has lost around 10.2% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has eased around 8.05% in last one month and is currently quoting at 2249.25, up 0.66% on the day. The volume in the stock stood at 6.52 lakh shares today, compared to the daily average of 18.72 lakh shares in last one month.

The PE of the stock is 6.99 based on TTM earnings ending December 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, February 13 2020. 13:35 IST
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