Indusind Bank surged 2.5% to Rs 95. The counter witnessed a volume of 1.14 million shares as against its two-week average traded quantity of 475,552 shares. The stock touched a low of Rs 92 during the day.
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(Updated 1410 hrs)
Indusind Bank has rallied to a 52-week high on the back of raising funds via the QIP route.
As per reports, Indusind Bank has successfully raised Rs 480 crore via private placement of shares with qualified institutional buyers. The QIP issue closed yesterday.
The stock today opened at Rs 94, slipped to a low of Rs 92.60. The scrip touched a high of Rs 98.20 which is also the 52-week high. The stock is now trading at Rs 97, up 4% from the previous close. Around 670,628 shares have been traded on the BSE as compared to the two-week daily average traded volumes of 475,552 shares.