Wednesday 13 January 2016

IndusInd Bank up 2%; Q3 net profit rises 30%

The Bank has posted a rise of 29.9% in its net profit at Rs. 581 crore for the quarter ended December 31, 2015 as compared to Rs. 447.2 crore for the quarter ended December 31, 2014.


IndusInd Bank
IndusInd Bank Ltd stock was up by 2% at Rs. 930. The Bank posted a rise of 29.9% in its net profit at Rs. 581 crore for the quarter ended December 31, 2015 as compared to Rs. 447.2 crore for the quarter ended December 31, 2014.

The bank's total income has increased by 7.54% at Rs. 3,766.7 crore for the quarter against Rs. 3,086 crore in the corresponding quarter of the previous year. The bank has registered 36.2% up in NII at Rs.1173 crore.

The scrip opened at Rs. 917.45 and has touched a high and low of Rs. 931.95 and Rs. 914.85 respectively. So far 487363(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 54167.51 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 988.5 on 31-Jul-2015 and a 52 week low of Rs. 784.45 on 12-Jun-2015. Last one week high and low of the scrip stood at Rs. 952 and Rs. 905.2 respectively.

The promoters holding in the company stood at 14.98 % while Institutions and Non-Institutions held 53.8 % and 20.3 % respectively.

The stock is currently trading below its 50 DMA.

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