SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Indian Bank surges on the BSE

03 Jul 2023 Evaluate

Indian Bank is currently trading at Rs. 296.10, up by 3.50 points or 1.20% from its previous closing of Rs. 292.60 on the BSE.

The scrip opened at Rs. 293.05 and has touched a high and low of Rs. 300.00 and Rs. 293.05 respectively. So far 161239 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 335.35 on 03-May-2023 and a 52 week low of Rs. 146.70 on 01-Jul-2022.

Last one week high and low of the scrip stood at Rs. 300.00 and Rs. 276.50 respectively. The current market cap of the company is Rs. 37276.05 crore.

The promoters holding in the company stood at 79.86%, while Institutions and Non-Institutions held 15.72% and 4.43% respectively.

Indian Bank has unveiled new services under its digital transformation initiative ‘Project WAVE’. Accordingly, the bank in collaboration with National E-Governance Services has introduced an electronic bank guarantee (e-BG) service to ease traditional paper-based processes. This move will also reduce the turn-around time of the bank guarantee issuance and delivery to the beneficiary from an industry average of 3-4 working days to a few minutes. 

Besides, the facility would replace the need for physical stamp paper and physical signatures of customers by replacing them with digital stamping and e-signing making the entire process digital. Indian Bank has launched a facility to avail pre-approved business loans, an end-to-end digital journey, for eligible individuals and proprietor firms to cater to their respective businesses.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.


Indian Bank Share Price

914.85 -0.05 (-0.01%)
24-Apr-2026 09:35 View Price Chart
Peers
Company Name CMP
SBI 1096.35
PNB 112.40
Canara Bank 139.80
Bank Of Baroda 272.95
Union Bank Of India 176.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×