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    IndusInd Bank shares surge 13% in early session

    Synopsis

    Shares of IndusInd Bank Ltd. traded 13.54 per cent up in trade at 09:34AM on Thursday .

    IndusInd Bank
    The stock quoted a 52-week high of Rs 1834.4 and a 52-week low of Rs 235.55 .
    NEW DELHI: Shares of IndusInd Bank traded 13.54 per cent up in Thursday 's trade at 09:34 am.

    Around 1841727 shares changed hands on the counter. The stock opened at Rs 316.35 and touched an intraday high and low of Rs 346.45 and Rs 311.65 , respectively, in the session so far.

    The stock quoted a 52-week high of Rs 1834.4 and a 52-week low of Rs 235.55 .

    Europacific Growth Fund has sold 35.8 lakh shares of IndusInd BankNSE 14.99 % at an average price of Rs 298.83 per share, NSE bulk deal data on Wednesday showed

    Financials
    IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 20889.30 Crore).
    The Bank has reported a 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 Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 18256.68 Crore to Sales Value (82.01 % of Total Sales), Income From Investment which contributed Rs 3677.34 Crore to Sales Value (16.51 % of Total Sales) and Interest which contributed Rs 225.10 Crore to Sales Value (1.01 % 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 . 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.

    Valuation ratio
    It quoted a price-to-earnings ratio of 4.55 and price to book value of 0.67 .



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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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