Home / Markets / News / Indian Bank gains 3% on heavy volume; stock jumps 6% so far in August

Indian Bank gains 3% on heavy volume; stock jumps 6% so far in August

According to reports, the lender has decided to rope in a minority partner for Ind Bank Housing to revive the now defunct housing finance subsidiary

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On Friday, the bank reported a marginal 1 per cent rise in its standalone net profit at Rs 369.26 crore in the first quarter ended June 2020

SI Reporter New Delhi

3 min read Last Updated : Aug 17 2020 | 10:58 AM IST

Shares of Indian Bank gained 3 per cent to quote at Rs 64.10 per share on the BSE on Monday on the back of heavy volumes. A spurt in volumes was witness at around 9:45 am when the stock was trading at Rs 62 per share. Since then, a combined 1.17 million shares have changed hands on the counter on the NSE and BSE till the time of writing of this report.

According to reports, the lender has decided to rope in a minority partner for Ind Bank Housing to revive the now defunct housing finance subsidiary. The bank is also

Topics : Buzzing stocks Indian Bank Markets

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