Indian Bank up for third straight session

Indian Bank is quoting at Rs 44.4, up 1.02% on the day as on 12:54 IST on the NSE. The stock is down 83.82% in last one year as compared to a 30.02% slide in NIFTY and a 62.56% slide in the Nifty PSU Bank index.

Apr 03, 2020 07:04 IST capital market

Indian Bank is up for a third straight session today. The stock is quoting at Rs 44.4, up 1.02% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 1.67% on the day, quoting at 8116.1. The Sensex is at 27740.98, down 1.86%. Indian Bank has slipped around 37.51% in last one month.

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has slipped around 33.42% in last one month and is currently quoting at 1283.1, down 3.17% on the day. The volume in the stock stood at 5.56 lakh shares today, compared to the daily average of 16.53 lakh shares in last one month.

The PE of the stock is 3.42 based on TTM earnings ending December 19.

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