- Hot Pursuit
IndusInd Bank scales record high
IndusInd Bank rose 4.17% to Rs 410.50 at 10:42 IST on BSE, with the stock extending Tuesday's 2.45% gains triggered by the bank's announcement that it has opened the issue for Qualified Institutional Placement of 5.21 crore equity shares of the bank.
Meanwhile, the BSE Sensex was up 225.50 points or 1.2% at 19,067.58.
On BSE, 49,000 shares were traded in the counter as against average daily volume of 79,279 shares in the past one quarter.
The stock hit a high of Rs 411 so far during the day, which is a record high for the counter. The stock hit a low of Rs 394.10 so far during the day. The stock had hit a 52-week low of Rs 221.75 on 2 January 2012.
The stock had outperformed the market over the past one month till 27 November 2012, surging 8.67% compared with the Sensex's 1.16% rise. The scrip had also outperformed the market in past one quarter, jumping 20.95% as against Sensex's 6.58% surge.
The large-cap private sector bank has equity capital of Rs 469.81 crore. Face value per share is Rs 10.
Shares of IndusInd Bank have surged 6.73% in two trading sessions from Rs 384.60 on 26 November 2012, after the bank during trading hours on Tuesday, 27 November 2012 said it has on 26 November 2012, opened the issue for Qualified Institutional Placement of 5.21 crore equity shares of the bank. The stock had risen 2.45% to settle at Rs 394.05 on Tuesday, 27 November 2012. The stock market remained closed on Wednesday, 28 November 2012, on account of Gurunanak Jayanti.
IndusInd Bank has set minimum price of Rs 374.05 per share for the Qualified Institutional Placement of 5.21 crore equity shares of the bank.
IndusInd Bank's net profit rose 29.6% to Rs 250.25 crore on 31.1% growth in total income to Rs 2048.42 crore in Q2 September 2012 over Q2 September 2011.
IndusInd Bank had 441 branches and 796 ATMs spread across 303 geographic locations of the country as on 30 September 2012.
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