Indian Bank: Stock market news: Indian Bank shares up 4.41%

NEW DELHI: Shares of traded 4.41 per cent up in Tuesday’s trade at 10:57AM (IST). Around 647852 shares changed hands on the counter. The stock opened at Rs 126.95 and touched an intraday high and low of Rs 137.0 and Rs 126.35, respectively, in the session so far.

The stock quoted a 52-week high of Rs 292.7 and a 52-week low of Rs 41.55.

State-owned Indian Bank said it has successfully integrated the software system with the erstwhile Allahabad Bank post the amalgamation.

Financials

Indian Bank, incorporated in the year 1907, is a banking company (having a market cap of Rs 15167.39 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-2020.

Promoter holding

Promoters held 88.06 per cent stake in the company as of quarter ended 31st Dec 2020.

Valuation ratio

It quoted a price-to-earnings ratio of 12.9 and price to book value of 0.13.



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