Indian Bank has announced the following Unaudited Standalone results for the quarter ended June 30, 2016:The bank has posted a net profit of Rs.3073.6 million for the quarter ended June 30, 2016 as compared to Rs.2152.8 million for the quarter ended June 30, 2015. Total Income has increased from Rs.44945.4 million for the quarter ended June 30, 2015 to Rs.45129.6 million for the quarter ended June 30, 2016.
Indian Bank is currently trading at Rs. 161, up by Rs. 5.8 or 3.74% from its previous closing of Rs. 155.2 on the BSE.
The scrip opened at Rs. 155.4 and has touched a high and low of Rs. 168 and Rs. 151.6 respectively. So far 401729(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7454.13 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 168 on 17-Aug-2015 and a 52 week low of Rs. 76 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 160 and Rs. 150.45 respectively.
The promoters holding in the company stood at 82.1 % while Institutions and Non-Institutions held 14.1 % and 3.79 % respectively.
The stock is currently trading above its 50 DMA.
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