IndusInd Bank is currently trading at Rs. 556.15, up by 2.20 points or 0.40% from its previous closing of Rs. 553.95 on the BSE.
The scrip opened at Rs. 554.00 and has touched a high and low of Rs. 557.00 and Rs. 551.10 respectively. So far 56635 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 586.90 on 03-Jul-2014 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. 572.00 and Rs. 546.40 respectively. The current market cap of the company is Rs. 29375.01 crore.
The promoters holding in the company stood at 15.19% while Institutions and Non-Institutions held 52.16% and 20.36% respectively.
IndusInd Bank, one of the fastest growing new-generation private sector banks in the country has opened two new branches in Chandigarh and one branch in Panchkula. The two new branches of Chandigarh are located in Sector 27 and Sector 16 and one new branch of Panchkula is located in Sector 20 respectively. The Bank plans to further strengthen its presence and customer reach in Punjab and Haryana with more branches in the coming quarters.
With the inauguration of three new branches, IndusInd Bank now has six branches in Chandigarh Tri-city which comprises of Panchkula, Chandigarh and Mohali. The addition of these new branches has increased the network of IndusInd Bank in Punjab, Haryana and Chandigarh (Union Territory) to 81 branches.
The bank’s net profit for first quarter ended June 30, 2014 jumped by 25.75% at Rs 421.06 crore for the quarter as compared to Rs 334.84 crore for the quarter ended June 30, 2013. Bank’s total income has increased by 20.60% at Rs 2873.68 crore for the quarter under review as compared to Rs 2382.81 crore for the corresponding quarter of the previous fiscal.
