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IndusInd Bank rises on launching ‘IndusInd Bank Duo Card’

10 Oct 2018 Evaluate

IndusInd Bank is currently trading at Rs. 1618.90, up by 11.45 points or 0.71% from its previous closing of Rs. 1607.45 on the BSE.

The scrip opened at Rs. 1608.15 and has touched a high and low of Rs. 1627.45 and Rs. 1605.10 respectively. So far 157104 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2037.90 on 03-Aug-2018 and a 52 week low of Rs. 1553.55 on 04-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1,637.70 and Rs. 1553.55 respectively. The current market cap of the company is Rs. 97340.84 crore.

The promoters holding in the company stood at 16.77%, while Institutions and Non-Institutions held 63.21% and 20.02% respectively.

IndusInd Bank has launched the IndusInd Bank Duo Card which is India's first 2 EMV chip debit cum credit card. This two-in-one Duo Card with two Magnetic Stripes & 2 EMV Chips brings the functionalities of both debit and credit cards to the Indian consumer, on one plastic. With a range of benefits that straddle both types of cards, it is a powerhouse of convenience and flexibility for the customer.

With just one card to carry for all their financial needs, the customer can travel light with just one card plastic. The card design uses the anagram technique to enhance and highlight the singularity of the Duo Card.

IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.

Peers
Company Name CMP
HDFC Bank 719.55
ICICI Bank 1355.70
Axis Bank 1233.25
Kotak Mahindra Bank 413.75
Indusind Bank 965.40
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