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IndusInd Bank shares fall 2 pc

Press Trust of India  |  New Delhi 

of fell by over 2 per cent today even as the company posted a 24.72 per cent increase in net profit for the quarter ended December 2017.

The stock slipped 2.08 per cent to end at Rs 1,698.60 on During the day, it dipped 2.75 per cent to Rs 1,687.

The bank's stock was the worst hit among the 30- bluechips.

On NSE, of the company fell by 1.94 per cent to close at Rs 1,700.30.

In terms of equity volume, 1.55 lakh of the company were traded on and over 41 lakh shares changed hands on during the day.

today posted a 24.72 per cent increase in net profit to Rs 936.25 crore for the quarter ended on December 31, 2017.

The had recorded a net profit of Rs 750.64 crore in the October-December quarter of the last fiscal.

Total of the lender also increased to Rs 5,473.54 crore during the quarter under review, up 16.05 per cent as against Rs 4,716.13 crore over the corresponding period of the previous fiscal, said in a filing.

The gross non-performing assets (NPAs) of IndusInd Bank increased to 1.16 per cent of the total advances during the third quarter of the current fiscal, against 0.94 per cent at the end of third quarter of 2016-17.

Net NPAs of the bank rose to 0.46 per cent in the quarter from 0.39 per cent of the total assets.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 17:15 IST