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    IndusInd Bank shares slide 6.68% as Nifty gains

    Synopsis

    The stock quoted a 52-week high of Rs 1834.4 and a 52-week low of Rs 398.5.

    IndusInd Bank
    IndusInd Bank CEO Romesh Sobti will move into a full-time advisory role at the bank after his retirement on March 24.
    New Delhi: Shares of IndusInd Bank traded 6.68 per cent down in Friday's trade at 10:38 am. Around 70,05,061 shares changed hands on the counter. The stock opened at Rs 444.05 and touched an intraday high and low of Rs 448.0 and Rs 405.25, respectively, in the session so far.

    IndusInd Bank CEO Romesh Sobti will move into a full-time advisory role at the bank after his retirement on March 24.

    The stock quoted a 52-week high of Rs 1834.4 and a 52-week low of Rs 398.5.

    Financials
    IndusInd Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 30782.39 crore).

    For the quarter ended Dec 2019, the company reported a net sales of Rs 6082.32 crore and net profit of Rs 1309.23 crore.

    The Bank has reported Gross Non Performing Assets (Gross NPAs) of Rs 4578.43 crore and Net Non Performing Assets (Net NPAs) of Rs 2173.29 crore.

    Indusind Bank key products/revenue segments include interest & discount on advances & bills which contributed Rs 18256.68 crore to sales value (82.01 per cent of total sales), income from investment which contributed Rs 3677.34 crore to sales value (16.51 per cent of total sales) and interest which contributed Rs 225.10 crore to sales value (1.01 per cent of total sales)for the year ending 31-mar-2019.

    Promoters holding
    Promoters held 13.039939 per cent stake in the company as of Dec 2019.

    Valuation ratio
    It quoted a price-to-earnings ratio of 6.35 and price to book value of 0.93.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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