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IndusInd Bank gains ahead of Q4 earnings

16 Apr 2014 Evaluate

IndusInd Bank shares were trading firm ahead of Q4 earnings which are scheduled to be announced later in the day. The bank reported 29.79% rise in its net profit at Rs 346.90 crore for December quarter as compared to Rs 267.27 crore for the same quarter in the previous year. Total income of the bank has increased by 21.67% at Rs 2623.76 crore for quarter under review.

The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 1.18%, as compared to 0.99% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.31% as compared to 0.30% in the same quarter of the previous year. IndusInd Bank is currently trading at Rs. 486.95, up by 2.80 points or 0.58 % from its previous closing of Rs. 484.15 on the BSE.

The scrip opened at Rs. 484.00 and has touched a high and low of Rs. 494.80 and Rs. 483.80 respectively. So far 141122 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 530.60 on 27-May-2013 and a 52 week low of Rs. 318.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 520.50 and Rs. 480.10 respectively. The current market cap of the company is Rs. 25553.02 crore.

The promoters holding in the company stood at 15.21 % while Institutions and Non-Institutions held 50.74 % and 21.74 % respectively.

Reserve Bank of India has recently notified that the foreign share holding through Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)/Foreign Direct Investment (FDI)/American Depository Receipt (ADR)/Global Depository Receipts (GDRs) in IndusInd Bank has reached the trigger limit. Accordingly, further purchases of equity shares of the bank would be allowed only after obtaining the Reserve Bank's prior approval.

Under the portfolio investment scheme, FIIs are allowed to buy up to 49% of the paid-up capital in the bank through primary or secondary markets subject to aggregate foreign investment limit not exceeding sectoral cap of 74%.

Indusind Bank Share Price

853.15 4.60 (0.54%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
Axis Bank 1359.15
Kotak Mahindra Bank 383.50
Indusind Bank 853.15
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