Indian Bank is currently trading at Rs. 246.00, up by 0.70 points or 0.29% from its previous closing of Rs. 245.30 on the BSE.
The scrip opened at Rs. 249.00 and has touched a high and low of Rs. 249.20 and Rs. 244.00 respectively. So far 18080 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 405.75 on 24-Jan-2018 and a 52 week low of Rs. 211.00 on 24-Oct-2018.
Last one week high and low of the scrip stood at Rs. 255.60 and Rs. 241.60 respectively. The current market cap of the company is Rs. 11803.17 crore.
The promoters holding in the company stood at 81.73%, while Institutions and Non-Institutions held 15.26% and 3.01% respectively.
Indian Bank is planning to raise funds by way of equity including Employees Share Purchase Scheme and/or Tier 1 and Tier 2 Bonds. The bank will consider this proposal in its Board Meeting scheduled to be held on January 08, 2019.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
