The stock ended up 6.5% at Rs 47. A total of 1.51 million shares were traded on the BSE today.
Updated at 1442
IndusInd Bank has soared over 8% today on the back of sharp rise in Q4 bottom line.
The stock opened flat at Rs 45 and was range bound till early noon. Around 1400 hrs the bank released its Q4 results and the stock rallied to a high of Rs 48. The counter has seen very high volumes of around 1.28 million shares so far as against an two-week average daily traded volume of around 282,532 shares on the BSE.
According to a release issued by the bank to the BSE today, the net profit has zoomed 250% to Rs 50.52 crore for the quarter ended March 31, 2009 from Rs 14.45 crore in the corresponding period a year ago.
The total income of the bank has surged 32% to Rs 783.12 crore for Q4FY09 from Rs 591.04 crore for Q4FY08.
Further the bank's board has recommended a dividend of Rs 1.20 per share.