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IndusInd Bank inches up on selling over 70 lakh shares in McLeod Russel India

30 Jun 2021 Evaluate

IndusInd Bank is currently trading at Rs. 1017.90, up by 0.65 points or 0.06% from its previous closing of Rs. 1017.25 on the BSE.

The scrip opened at Rs. 1020.00 and has touched a high and low of Rs. 1027.40 and Rs. 1012.05 respectively. So far 97740 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1119.20 on 25-Feb-2021 and a 52 week low of Rs. 472.05 on 30-Jun-2020.

Last one week high and low of the scrip stood at Rs. 1026.45 and Rs. 986.85 respectively. The current market cap of the company is Rs. 78718.75 crore.

The promoters holding in the company stood at 16.55%, while Institutions and Non-Institutions held 69.02% and 14.43% respectively.

IndusInd Bank has sold 70,67,500 Equity shares of McLeod Russel India (McLeod). The Bank as on date does not hold any Equity Shares of McLeod. The bank had acquired 70,67,500 equity shares of the Kolkata-based tea firm pursuant to invocation of pledged shares of the company.

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

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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