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Indian Bank stays supported

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Capital Market
Last Updated : Dec 08 2021 | 1:51 PM IST

Indian Bank is quoting at Rs 152.95, up 4.62% on the day as on 12:54 IST on the NSE. The stock is up 70.99% in last one year as compared to a 28.71% jump in NIFTY and a 47.19% jump in the Nifty PSU Bank index.

Indian Bank is up for a third straight session today. The stock is quoting at Rs 152.95, up 4.62% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.38% on the day, quoting at 17412.95. The Sensex is at 58446.87, up 1.41%. Indian Bank has slipped around 14.58% in last one month.

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has slipped around 11% in last one month and is currently quoting at 2654.3, up 1.95% on the day. The volume in the stock stood at 32.93 lakh shares today, compared to the daily average of 34.91 lakh shares in last one month.

The PE of the stock is 4.05 based on TTM earnings ending September 21.

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First Published: Dec 08 2021 | 1:05 PM IST

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