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Indian Bank Hits High 6.44%

Indian Bank’s shares hit high 6.47 per cent in Sensex.

On National Stock Exchange (NSE), the shares of Indian Bank are quoted at Rs 190, up 6.44 per cent. In comparison, the stock is up 54.66 per cent in the last year against a 6.47 cent hit high in NIFTY and a 31.48 per cent jump in the Nifty Pharma index.

The benchmark NIFTY is up around 0.61 per cent. The stock of the company has to quote at 17712.85. The Sensex is at 59427.21, up 0.58 per cent. In July, Indian Bank gained around 10.11 per cent. Meanwhile, the Nifty Pharma index, of which Indian Bank is a constituent, has gained around 7.9 per cent. Currently, the stock has quoted at 2867.8, up 3.54 per cent. The volume in the stock stood at 32.07 lakh shares compared to the daily average of 15.34 lakh shares. The stock’s Private Equity (PE) is 5.58 based on TTM earnings ending June 22.

In July, the company’s stock was quoted at Rs 166.15, up 3.65 per cent. The benchmark NIFTY is down around 0.47 per cent that day, at 16144.55. Around 3.91 per cent has risen in June 2022. Meanwhile, the Nifty Pharma index, of which the Indian Bank is a constituent, has risen around 6.65 per cent. The company’s stock volume stood at 12.94 lakh shares, compared to the daily average of 11.08 lakh shares.

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