IndusInd Bank rose 2.41% to Rs 638.35 at 14:33 IST on BSE after net profit rose 30.27% to Rs 430.20 crore on 20.60% increase in total income to Rs 2937.03 crore in Q2 September 2014 over Q2 September 2013.
The result was announced during trading hours today, 13 October 2014.
Meanwhile, the BSE Sensex was up 104.48 points, or 0.40%, to 26,401.86.
On BSE, so far 2.20 lakh shares were traded in the counter, compared with an average volume of 74,859 shares in the past one quarter.
The stock hit a high of Rs 648 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 623.25 so far during the day. The stock hit a 52-week low of Rs 369.05 on 30 January 2014.
The stock had outperformed the market over the past one month till 10 October 2014, falling 1.41% compared with 2.81% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.03% as against Sensex's 3.64% rise.
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The large-cap private sector bank has an equity capital of Rs 528.09 crore. Face value per share is Rs 10.
Indusind Bank's ratio of net non-performing assets (NPAs) to net advances stood at 0.33% as on 30 September 2014, compared with 0.33% as on 30 June 2014 and 0.22% as on 30 September 2013.
The bank's ratio of gross NPAs to gross advances stood at 1.08% as on 30 September 2014, compared with 1.11% as on 30 June 2014 and 1.11% as on 30 September 2013.
Provisions and contingencies fell 17.62% to Rs 73.20 crore in Q2 September 2014 over Q2 September 2013.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 12.96% as on 30 September 2014, compared with 13.11% as on 30 June 2014 and 14.58% as on 30 September 2013.
IndusInd Bank caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities.
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