IndusInd Bank shares surge 13% in early session

NEW DELHI: Shares of IndusInd Bank traded 13.54 per cent up in Thursday 's trade at 09:34 am.

Around 1841727 shares changed hands on the counter. The stock opened at Rs 316.35 and touched an intraday high and low of Rs 346.45 and Rs 311.65 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 1834.4 and a 52-week low of Rs 235.55 .


Europacific Growth Fund has sold 35.8 lakh shares of IndusInd BankNSE 14.99 % at an average price of Rs 298.83 per share, NSE bulk deal data on Wednesday showed

Financials
IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 20889.30 Crore).
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 4578.43 Crore and Net Non Performing Assets (Net NPAs) of Rs 2173.29 Crore.

IndusInd Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 18256.68 Crore to Sales Value (82.01 % of Total Sales), Income From Investment which contributed Rs 3677.34 Crore to Sales Value (16.51 % of Total Sales) and Interest which contributed Rs 225.10 Crore to Sales Value (1.01 % of Total Sales)for the year ending 31-Mar-2019.

Promoters holding
Promoters held 13.039939 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 6082.32 crore and net profit of Rs 1309.23 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 4.55 and price to book value of 0.67 .