Indian Bank is currently trading at Rs. 52.65, up by 1.10 points or 2.13% from its previous closing of Rs. 51.55 on the BSE.
The scrip opened at Rs. 52.00 and has touched a high and low of Rs. 53.40 and Rs. 50.75 respectively. So far 39784 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 292.35 on 04-Jun-2019 and a 52 week low of Rs. 45.05 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 64.70 and Rs. 45.05 respectively. The current market cap of the company is Rs. 3187.07 crore.
The promoters holding in the company stood at 83.46%, while Institutions and Non-Institutions held 10.50% and 6.04% respectively.
Indian Bank’s Board has approved the share swap for Allahabad Bank merger. As per the fair equity share exchange ratio approved by the board of directors of the bank, 115 equity share of Indian Bank are to be exchanged for every 1,000 shares of Allahabad Bank.
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
