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Indian Bank up for third straight session

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Indian Bank is quoting at Rs 273.3, up 1.75% on the day as on 12:54 IST on the NSE. The stock is down 5.35% in last one year as compared to a 13.26% jump in NIFTY and a 11.16% jump in the Nifty PSU Bank index.

Indian Bank gained for a third straight session today. The stock is quoting at Rs 273.3, up 1.75% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 11466.9. The Sensex is at 38123.07, up 0.07%. Indian Bank has gained around 23.47% in last one month.

 

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has gained around 16.1% in last one month and is currently quoting at 3117.9, up 2.13% on the day. The volume in the stock stood at 18.16 lakh shares today, compared to the daily average of 24.26 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 272.75, up 2.02% on the day. Indian Bank is down 5.35% in last one year as compared to a 13.26% jump in NIFTY and a 11.16% jump in the Nifty PSU Bank index.

The PE of the stock is 20.03 based on TTM earnings ending December 18.

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First Published: Mar 19 2019 | 1:06 PM IST

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