Time period given by analyst is Intra Day when Indian Bank price can reach defined target.
Indian Bank, incorporated in the year 1907, is a banking company (having a market cap of Rs 17660.36 Crore).
Indian Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 11608.53 Crore, up 8.24 % from last quarter Total Income of Rs 10724.53 Crore and up .45 % from last year same quarter Total Income of Rs 11556.09 Crore. The bank reported net profit after tax of Rs 1259.82 Crore in latest quarter.
Investment Rationale
Higher highs-higher lows from the last four sessions with volumes and may surpass its key trendline.
Promoter/FII Holdings
Promoters held 88.1 per cent stake in the company as of Sept 30, 2020, while FIIs held 0.8 per cent, DIIs 4 per cent and public and others 7.2 per cent
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