Stock market news: IndusInd Bank shares drop nearly 1%

Shares of IndusInd Bank Ltd. traded 0.76 per cent down at Rs 651.6 at 10:46AM (IST) on Monday, even as BSE benchmark Sensex gained 208.66 points to 39675.97.

The scrip had closed at Rs 656.6 in the previous session. The stock quoted a 52-week high price of Rs 1596.35 and 52-week low of Rs 235.6, respectively. As per BSE data, total traded volume on the counter till 10:46AM (IST) stood at 961022 shares with a turnover of Rs 64.96 crore.

At the prevailing price, shares of the company traded at 12.98 times its trailing 12-month earnings per share of Rs 50.98 per share and 1.5 times its price-to-book value, exchange data showed.


A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.

Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.38.

Shareholding Details

Promoters held 0.0 per cent stake in the company as of 30-Jun-2020, while FIIs owned 47.3 per cent and DIIs 10.91 per cent.