Indusind Bank firms up after Goldman Sachs (Singapore) buys stake
Indusind Bank rose 2.33% to Rs 434 after Goldman Sachs (Singapore) on Wednesday (15 April 2020) bought 41 lakh shares, or 0.59% stake, in the private lender at Rs 430.30 each via bulk deal on the NSE.
The scrip extended gains for third day. Shares of Indusind Bank have added 9.76% in three sessions from a recent closing low of Rs 395.40 on 9 April 2020.
The bank's standalone net profit jumped 32% to Rs 1,300.20 crore on a 25.5% surge in total income to Rs 9,073.93 crore in Q3 December 2019 over Q3 December 2018.
IndusInd Bank is engaged in banking and para-banking services. The bank is involved in accepting deposits, such as savings accounts, current accounts and fixed deposits, and banking solutions.
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First Published: Apr 16 2020 | 10:27 AM IST