320-x-100_uti_gold.jpg" alt="Advertisement">
Indian Bank surges on reporting 61% rise in Q2 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Indian Bank is currently trading at Rs. 408.00, up by 7.55 points or 1.89% from its previous closing of Rs. 400.45 on the BSE.
The scrip opened at Rs. 407.55 and has touched a high and low of Rs. 409.00 and Rs. 401.95 respectively. So far 5168 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 446.15 on 27-Sep-2023 and a 52 week low of Rs. 232.30 on 27-Oct-2022.
Last one week high and low of the scrip stood at Rs. 425.55 and Rs. 396.30 respectively. The current market cap of the company is Rs. 49873.69 crore.
The promoters holding in the company stood at 79.86%, while Institutions and Non-Institutions held 16.09% and 4.05% respectively.
Indian Bank has reported 62.24% rise in its net profit at Rs 1987.76 crore for Q2FY24 as compared to Rs 1225.22 crore for the same quarter in the previous year. Total income of the bank increased by 25.51% at Rs 15736.23 crore for Q2FY24 as compared Rs 12538.01 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 61.33% rise in its net profit at Rs 2008.12 crore for the quarter under review as compared to Rs 1244.71 crore for the same quarter in the previous year. Total income of the bank increased by 25.29% at Rs 15929.41 crore for Q2FY24 as compared Rs 12714.20 crore for the corresponding quarter previous year.
