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16-Oct2018

IndusInd Bank surges on reporting 5% rise in Q2 net profit

IndusInd Bank is currently trading at Rs. 1663.60, up by 36.75 points or 2.26% from its previous closing of Rs. 1626.85 on the BSE.

The scrip opened at Rs. 1638.00 and has touched a high and low of Rs. 1694.95 and Rs. 1628.10 respectively. So far 102051 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2037.90 on 03-Aug-2018 and a 52 week low of Rs. 1553.55 on 04-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1694.95 and Rs. 1583.85 respectively. The current market cap of the company is Rs. 100610.89 crore.

The promoters holding in the company stood at 16.74%, while Institutions and Non-Institutions held 62.41% and 20.85% respectively.

IndusInd Bank has reported 4.56% rise in its net profit at Rs 920.25 crore for the quarter ended September 30, 2018 as compared to Rs 880.10 crore for the same quarter in the previous year. Total income of the Bank increased by 25.19% at Rs 6,755.37 crore for Q2FY19 as compared Rs 5,395.92 crore for the corresponding quarter previous year.

The Bank's gross NPA for the June-September quarter of the current fiscal increased to 1.09%, as compared to 1.08% in the same quarter of the previous year. Besides, Bank's Net NPA stood at 0.48% in Q2FY19


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