Indian Bank soars more than 2%

The stock is quoting at Rs 350.2, up 2.23% on the day as on 12:49 IST on the NSE. Indian Bank is up 14.07% in last one year as compared to a 10.91% spurt in NIFTY and a 18.8% spurt in the Nifty PSU Bank index.

Indian Bank is up for a third straight session in a row. The stock is quoting at Rs 350.2, up 2.23% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.6% on the day, quoting at 10836.75. The Sensex is at 35893.92, up 0.66%. Indian Bank has dropped around 4.33% in last one month.

 

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has dropped around 6.86% in last one month and is currently quoting at 2772.25, up 1.78% on the day. The volume in the stock stood at 4.02 lakh shares today, compared to the daily average of 12.53 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 350.75, up 2.42% on the day. Indian Bank is up 14.07% in last one year as compared to a 10.91% spurt in NIFTY and a 18.8% spurt in the Nifty PSU Bank index.

The PE of the stock is 13 based on TTM earnings ending March 18.

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