Published on 12/07/2017 12:30:05 PM | Source: Dion Global Solutions Ltd.

IndusInd Bank gains over 1% post Quarterly Result 1

Posted in Stock On The Move | #IndusInd Bank Ltd #Banking Sector #Stock On The Move #Quarterly Result


Shares of IndusInd Bank climbed over 1 per cent on the Bombay stock Exchange after the private sector lender reported a 26.5 per cent year-on-year growth in its net profit at Rs 836.55 crore for the June quarter, buoyed by higher net interest and other income. During the quarter under review, total income of the bank surged by 21.5 per cent to Rs 5,302.77 crore as against Rs 4,363.57 crore in the year-ago period.

Driven by strong Q1, shares of the bank gained as much as 1.33 per cent to hit intra-day high of Rs 1580.00 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 1572.70 against previous close price of Rs 1559.25. In a similar fashion, shares of the lender were trading 0.65 per cent higher at Rs 1,570.90 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 31,754.45, up by 7.35 points, or 0.01 per cent, at 11:55 hours.