IndusInd Bank trades higher on selling shares of Birla Tyres
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IndusInd Bank is currently trading at Rs. 1091.30, up by 7.05 points or 0.65% from its previous closing of Rs. 1084.25 on the BSE.
The scrip opened at Rs. 1081.00 and has touched a high and low of Rs. 1095.20 and Rs. 1081.00 respectively. So far 8612 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1241.85 on 28-Oct-2021 and a 52 week low of Rs. 763.75 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1097.00 and Rs. 1069.70 respectively. The current market cap of the company is Rs. 84492.35 crore.
The promoters holding in the company stood at 16.51%, while Institutions and Non-Institutions held 66.85% and 16.63% respectively.
IndusInd Bank has further sold 24,10,483 shares and 31,05,709 shares of Birla Tyres on August 5, 2022 and August 16, 2022 respectively. Accordingly, the shareholding percentage of the Bank in Birla Tyres has become Nil. Earlier, the bank had sold 90,47,595 shares of Birla Tyres during May 2022.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.
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