Indian Bank soars 2.73%, Gains for third straight session

Indian Bank is quoting at Rs 271.3, up 2.73% on the day as on 12:54 IST on the NSE. The stock is down 10.2% in last one year as compared to a 12.69% gain in NIFTY and a 14.59% 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 271.3, up 2.73% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.55% on the day, quoting at 11508.05. The Sensex is at 38338.47, up 0.54%. Indian Bank has added around 18.21% in last one month.

 

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has added around 15.5% in last one month and is currently quoting at 3229.4, up 1.29% on the day. The volume in the stock stood at 12.67 lakh shares today, compared to the daily average of 24.11 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 270.6, up 2.36% on the day. Indian Bank is down 10.2% in last one year as compared to a 12.69% gain in NIFTY and a 14.59% gain in the Nifty PSU Bank index.

The PE of the stock is 19.74 based on TTM earnings ending December 18.

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