Indian Bank spurts 7.81%, up for five straight sessions

The stock is quoting at Rs 260.25, up 7.81% on the day as on 12:44 IST on the NSE. Indian Bank is down 17.33% in last one year as compared to a 0.93% fall in NIFTY and a 23.73% fall in the Nifty PSU Bank.

Indian Bank rose for a fifth straight session today. The stock is quoting at Rs 260.25, up 7.81% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.11% on the day, quoting at 10239.6. The Sensex is at 34015.64, down 0.15%. Indian Bank has added around 5.69% in last one month.

 

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has added around 3.14% in last one month and is currently quoting at 2778.4, up 3.89% on the day. The volume in the stock stood at 31.33 lakh shares today, compared to the daily average of 17.24 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 260.8, up 7.68% on the day. Indian Bank is down 17.33% in last one year as compared to a 0.93% fall in NIFTY and a 23.73% fall in the Nifty PSU Bank index.

The PE of the stock is 10.58 based on TTM earnings ending June 18.

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