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Indian Bank is up for a third straight session today
14-Mar-18   13:05 Hrs IST

Indian Bank is up for a third straight session today. The stock is quoting at Rs 301.6, up 2.74% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.65% on the day, quoting at 10359.1. The Sensex is at 33669.33, down 0.55%. Indian Bank has slipped around 12.67% in last one month.

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has slipped around 10.79% in last one month and is currently quoting at 2910.85, up 0.23% on the day. The volume in the stock stood at 18.82 lakh shares today, compared to the daily average of 23.28 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 302.5, up 2.77% on the day. Indian Bank is up 10.19% in last one year as compared to a 14.03% jump in NIFTY and a 12.94% jump in the Nifty PSU Bank index.

The PE of the stock is 9.74 based on TTM earnings ending December 17.

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