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IndusInd Bank Ltd stays under sustained pressure

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IndusInd Bank Ltd is quoting at Rs 1114.1, down 0.81% on the day as on 13:24 IST on the NSE. The stock jumped 88.13% in last one year as compared to a 54.44% rally in NIFTY and a 69.02% spurt in the Nifty Bank index.

IndusInd Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 1114.1, down 0.81% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.45% on the day, quoting at 17632.1. The Sensex is at 59167.72, down 0.41%.IndusInd Bank Ltd has gained around 12.26% in last one month.Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has increased around 3.23% in last one month and is currently quoting at 37743, down 0.38% on the day. The volume in the stock stood at 18.59 lakh shares today, compared to the daily average of 56.63 lakh shares in last one month.

 

The benchmark September futures contract for the stock is quoting at Rs 1116.65, down 1.03% on the day. IndusInd Bank Ltd jumped 88.13% in last one year as compared to a 54.44% rally in NIFTY and a 69.02% spurt in the Nifty Bank index.

The PE of the stock is 25.96 based on TTM earnings ending June 21.

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First Published: Sep 30 2021 | 1:35 PM IST

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