IndusInd Bank rose 1.86% to Rs 435.90 at 14:30 IST on BSE after net profit rose 31.96% to Rs 330.23 crore on 18.89% increase in total income to Rs 2435.30 crore in Q2 September 2013 over Q2 September 2012.
The bank announced the result during trading hours today, 14 October 2013.
Meanwhile, the BSE Sensex was up 100.07 points, or 0.49%, to 20,628.66.
On BSE, 7.99 lakh shares were traded in the counter compared with average volume of 3.61 lakh shares in the past one quarter.
The stock rose 2.80% at the day's high of Rs 439.95 so far during the day. The stock fell 1.39% at the day's low of Rs 422 so far during the day.
The stock hit a 52-week high of Rs 530.60 on 27 May 2013. The stock hit a 52-week low of Rs 318 on 28 August 2013.
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The stock had underperformed the market over the past one month till 11 October 2013, rising 1.92% compared with the Sensex's 2.66% rise. The scrip had also underperformed the market in past one quarter, sliding 16.15% as against Sensex's 4.33% rise.
The large-cap bank has an equity capital of Rs 524.16 crore. Face value per share is Rs 10.
IndusInd Bank's ratio of net non-performing assets to net advances stood at 0.22% as on 30 September 2013, compared with 0.21% as on 30 June 2013 and 0.29% as on 30 September 2012.
The bank's ratio of gross non-performing assets (NPA) to gross advances stood at 1.11% as on 30 September 2013, compared with 1.06% as on 30 June 2013 and 1.03% as on 30 September 2012.
Provisions and contingencies jumped 81.09% to Rs 88.86 crore in Q2 September 2013 over Q2 September 2012.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 14.58% as on 30 September 2013, compared with 14.85% as on 30 June 2013.
As on 30 June 2013, IndusInd Bank had 530 branches, and 1003 ATMs spread across 380 geographical locations of the country. The bank also has representative offices in London and Dubai.
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