Indusind Bank in jubilant mood on the bourses

Indusind Bank is currently trading at Rs 269.00, up by 8.15 points or 3.12% from its previous closing of Rs 260.85 on the BSE.

The scrip opened at Rs 262.00 and has touched a high and low of Rs 269.75 and Rs 262.00 respectively. So far 110373 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 292.00 on 06-Jul-2011 and a 52 week low of Rs 181.00 on 31-Jan-2011.

Last one week high and low of the scrip stood at Rs 269.75 and Rs 239.30 respectively. The current market cap of the company is Rs 12445.55 crore.

The promoters holding in the company stood at 19.50% while Institutions and Non-Institutions held 42.39% and 24.24% respectively.

Indusind Bank has reported results for the third quarter ended December 31, 2011.

The Bank’s net profit for the quarter ended December 31, 2011 has surged by 33.87% at Rs 205.98 crore as compared to Rs 153.86 crore for the quarter ended December 31, 2010. Its total Income has jumped up by 49.87% at Rs 1664.88 crore for the quarter under review from Rs 1110.86 crore for December quarter of the previous year.

The bank’s gross NPA for the December quarter of the current fiscal stood at 1.02%, while the same was at 1.21% for the corresponding quarter of the previous Fiscal. Meanwhile, bank’s Net NPA stood at 0.29% as compared to 0.36% in the same quarter of the previous year.