IndusInd Bank Ltd slips for fifth straight session

IndusInd Bank Ltd tanks 4.82%

Capital Market 

IndusInd Bank Ltd is quoting at Rs 1116.4, down 4.82% on the day as on 13:24 IST on the NSE. The stock tumbled 24.59% in last one year as compared to a 12.37% rally in NIFTY and a 13.48% spurt in the Nifty Bank index.

IndusInd Bank Ltd is down for a fifth straight session today. The stock is quoting at Rs 1116.4, down 4.82% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 1.08% on the day, quoting at 11916.3. The Sensex is at 40628.15, down 1.04%.IndusInd Bank Ltd has lost around 16.18% in last one month.Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has eased around 2.57% in last one month and is currently quoting at 30680.7, down 1.3% on the day. The volume in the stock stood at 71.5 lakh shares today, compared to the daily average of 58.32 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 1118.9, down 4.96% on the day. IndusInd Bank Ltd tumbled 24.59% in last one year as compared to a 12.37% rally in NIFTY and a 13.48% spurt in the Nifty Bank index.

The PE of the stock is 18.17 based on TTM earnings ending December 19.

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First Published: Tue, February 18 2020. 13:35 IST