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Indian Bank slips for fifth straight session

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Capital Market

Indian Bank is quoting at Rs 255, down 0.53% on the day as on 13:24 IST on the NSE. The stock tumbled 17.23% in last one year as compared to a 9.5% rally in NIFTY and a 13.64% spurt in the Nifty PSU Bank index.

Indian Bank dropped for a fifth straight session today. The stock is quoting at Rs 255, down 0.53% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is up around 0.24% on the day, quoting at 11622.25. The Sensex is at 38711.22, up 0.17%.Indian Bank has added around 0.91% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has increased around 2.85% in last one month and is currently quoting at 3133.9, up 1.17% on the day. The volume in the stock stood at 12.05 lakh shares today, compared to the daily average of 18.99 lakh shares in last one month.

 

The benchmark April futures contract for the stock is quoting at Rs 255.5, down 0.47% on the day. Indian Bank tumbled 17.23% in last one year as compared to a 9.5% rally in NIFTY and a 13.64% spurt in the Nifty PSU Bank index.

The PE of the stock is 19.12 based on TTM earnings ending December 18.

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First Published: Apr 23 2019 | 1:35 PM IST

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