IndusInd Bank rose 0.8% to Rs 418.20 at 10:52 IST on BSE after two block deals aggregating 29.75 lakh shares were executed in the counter on BSE.
A block deal of 18.25 lakh shares was executed at Rs 414.70 per share in opening trade on BSE today, 18 December 2013. Another block deal of 11.50 lakh shares was executed at Rs 415.20 in opening trade on BSE today, 18 December 2013. The two block deals constitute 0.56% of IndusInd Bank's equity.
Meanwhile, the S&P BSE Sensex was up 85.50 points or 0.41% at 20,697.64.
On BSE, so far 30.33 lakh shares were traded in the counter as against average daily volume of 4.14 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.22% at the day's high of Rs 420 so far during the day. The stock lost as much as 0.48% at the day's low of Rs 412.90 so far during the day. The stock had hit a 52-week high of Rs 530.60 on 27 May 2013. The stock had hit a 52-week low of Rs 318 on 28 August 2013.
The stock had underperformed the market over the past one month till 17 December 2013, advancing 0.83% compared with the Sensex's 1.04% rise. The scrip had also underperformed the market in past one quarter, gaining 3.3% as against Sensex's 4.08% rise.
The large-cap bank has equity capital of Rs 524.30 crore. Face value per share is Rs 10.
IndusInd Bank's net profit surged 32% to Rs 330.23 crore on 18.9% growth in total income to Rs 2435.30 crore in Q2 September 2013 over Q2 September 2012.
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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