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IndusInd Bank surges on reporting 42% rise in Q1 net profit

11 Jul 2013 Evaluate

IndusInd Bank is currently trading at Rs. 505.95, up by 10.25 points or 2.07% from its previous closing of Rs. 495.70 on the BSE.

The scrip opened at Rs. 503.00 and has touched a high and low of Rs. 509.80 and Rs. 503.00 respectively. So far 48,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 530.60 on 27-May-2013 and a 52 week low of Rs. 308.00 on 11-Sep-2012.

Last one week high and low of the scrip stood at Rs. 513.40 and Rs. 466.15 respectively. The current market cap of the company is Rs. 26,465 crore.

The promoters holding in the company stood at 15.29% while Institutions and Non-Institutions held 49.01% and 23.33% respectively.

The bank has reported 41.73% rise in its net profit at Rs 334.84 crore for the quarter as compared to Rs 236.26 crore for the same quarter in the previous year. Total income of the bank has increased by 22.14% at Rs 2382.81 crore for quarter under review as compared to Rs 1950.82 crore for the quarter ended June 30, 2012.

The bank’s gross NPA for the April- June quarter of the current fiscal stood at 1.06%, as compared to 0.97% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.21% as compared to 0.27% in the same quarter of the previous year

Peers
Company Name CMP
HDFC Bank 719.35
ICICI Bank 1305.50
Axis Bank 1214.00
Kotak Mahindra Bank 419.80
Indusind Bank 880.00
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