Indian Bank spurts 2.3%, rises for fifth straight session

Indian Bank is quoting at Rs 286.55, up 2.3% on the day as on 12:49 IST on the NSE. The stock is down 5.15% in last one year as compared to a 14.68% spurt in NIFTY and a 20.37% spurt in the Nifty PSU Bank.

Indian Bank gained for a fifth straight session today. The stock is quoting at Rs 286.55, up 2.3% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.75% on the day, quoting at 11710.75. The Sensex is at 39001.39, up 0.85%. Indian Bank has risen around 20.86% in last one month.

 

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has risen around 18.65% in last one month and is currently quoting at 3339.35, up 2.89% on the day. The volume in the stock stood at 11.12 lakh shares today, compared to the daily average of 24.99 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 285.8, up 3.03% on the day. Indian Bank is down 5.15% in last one year as compared to a 14.68% spurt in NIFTY and a 20.37% spurt in the Nifty PSU Bank index.

The PE of the stock is 20.78 based on TTM earnings ending December 18.

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