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IndusInd Bank Ltd eases for fifth straight session

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Capital Market

The stock is quoting at Rs 1561.85, down 0.32% on the day as on 13:19 IST on the NSE. IndusInd Bank Ltd tumbled 6.48% in last one year as compared to a 2.05% rally in NIFTY and a 3.25% spurt in the Nifty Bank index.

IndusInd Bank Ltd fell for a fifth straight session today. The stock is quoting at 1561.85, down 0.32% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.5% on the day, quoting at 10533.35. The Sensex is at 35148.11, down 1.47%.IndusInd Bank Ltd has gained around 4.61% in last one month.Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has increased around 2.71% in last one month and is currently quoting at 26594.3, down 1.36% on the day. The volume in the stock stood at 9.26 lakh shares today, compared to the daily average of 16.75 lakh shares in last one month.

 

The benchmark December futures contract for the stock is quoting at Rs 1565.95, down 0.49% on the day. IndusInd Bank Ltd tumbled 6.48% in last one year as compared to a 2.05% rally in NIFTY and a 3.25% spurt in the Nifty Bank index.

The PE of the stock is 24.5 based on TTM earnings ending September 18.

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First Published: Dec 10 2018 | 1:35 PM IST

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