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Indian Bank soars 1.31%, Gains for third straight session

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Capital Market

Indian Bank is quoting at Rs 223.75, up 1.31% on the day as on 12:54 IST on the NSE. The stock is down 29.47% in last one year as compared to a 3.32% gain in NIFTY and a 8.71% gain in the Nifty PSU Bank index.

Indian Bank is up for a third straight session in a row. The stock is quoting at Rs 223.75, up 1.31% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.01% on the day, quoting at 10805.4. The Sensex is at 35909.63, up 0.01%. Indian Bank has dropped around 0.71% in last one month.

 

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has dropped around 5.55% in last one month and is currently quoting at 2743.85, up 0.53% on the day. The volume in the stock stood at 8.33 lakh shares today, compared to the daily average of 20.17 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 223.5, up 1.27% on the day. Indian Bank is down 29.47% in last one year as compared to a 3.32% gain in NIFTY and a 8.71% gain in the Nifty PSU Bank index.

The PE of the stock is 16.5 based on TTM earnings ending December 18.

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First Published: Feb 28 2019 | 1:05 PM IST

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