Today, IndusInd Bank fell by 3.04 per cent to Rs 1,071.55 on profit booking after the profit rise in the last seven days trading session. The private lender bank shares rose by 6.63 per cent to Rs 1,105.10. The stock’s strong performance in the market over the June month was up 23.38 per cent compared with a 9 per cent rise in the Sensex. Also, the stock had risen in July month of last year at 9.41 per cent against Sensex rising 7.89 per cent. The volume of the stock stood at 1.01 lakh shares traded as compared to the previous two weeks of 78,773 shares. The company’s shares hit a high of Rs 1,107.5 and a low of Rs 1,062.15 during the same period on the Bombay Stock Exchange (BSE). On 28 October 2021, the company’s stock rose to a high in a 52-week of Rs 1241.85. Also, the stock hit a 52-week low of Rs 763.75 in June FY22

On the daily chart, the stock was trading above its 50-day, 100-day, and 200-day simple moving average (SMA), placed at 913.76, 926.68 and 932.82, respectively. As of 30 June 2022, the bank’s distribution network included 2,286 branches/banking outlets and 2,783 onsite and offsite ATMs.

IndusInd Bank’s shares had reported a 64 per cent rise in standalone net profit to Rs 1,603 crore on a 9 per cent increase in total income to Rs 10,110 crore in the first quarter of FY23 over the same period of the current year.