Indian Bank is currently trading at Rs. 600.25, up by 12.90 points or 2.20% from its previous closing of Rs. 587.35 on the BSE.
The scrip opened at Rs. 594.00 and has touched a high and low of Rs. 600.90 and Rs. 587.60 respectively. So far 81555 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 626.35 on 03-Jun-2024 and a 52 week low of Rs. 335.50 on 03-Aug-2023.
Last one week high and low of the scrip stood at Rs. 600.90 and Rs. 552.35 respectively. The current market cap of the company is Rs. 80171.30 crore.
The promoters holding in the company stood at 73.84%, while Institutions and Non-Institutions held 22.26% and 3.90% respectively.
Indian Bank has reported 40.65% rise in its net profit at Rs 2,403.42 crore for the first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 1,708.83 crore for the same quarter in the previous year. Total income of the bank increased by 14.81% at Rs 16,944.77 crore for Q1FY25 as compared to Rs 14,758.99 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 38.96% rise in net profit at Rs 2,570.40 crore for Q1FY25 as compared to Rs 1,849.68 crore for the same quarter in the previous year. However, total income of the bank increased by 14.72% at Rs 17,117.76 crore for Q1FY25 as compared to Rs 14,921.43 crore for the corresponding quarter previous year.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
