Indian Bank is currently trading at Rs. 331.10, up by 2.25 points or 0.68% from its previous closing of Rs. 328.85 on the BSE.
The scrip opened at Rs. 331.50 and has touched a high and low of Rs. 333.05 and Rs. 328.95 respectively. So far 63355 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 364.80 on 16-May-2017 and a 52 week low of Rs. 143.85 on 25-Jul-2016.
Last one week high and low of the scrip stood at Rs. 339.25 and Rs. 313.05 respectively. The current market cap of the company is Rs. 15895.25 crore.
The promoters holding in the company stood at 82.10%, while Institutions and Non-Institutions held 15.15% and 2.75% respectively.
Indian Bank is planning to raise around Rs 1,200 crore to support its growth plan. The bank is also planning to sell assets worth Rs 540 crore to asset reconstruction companies (ARCs). Moreover, the bank has set a target of around Rs 3.6 lakh crore business for the FY18.
Besides, the bank has also set a target of 3 per cent net interest margin (NIM), which will be aided by retail, agriculture, corporate and MSME (micro, small and medium enterprise) and clients.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
| View more.. | |
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