Stock market news: IndusInd Bank shares gain nearly 3%

NEW DELHI: Shares of IndusInd Bank Ltd. traded 2.69 per cent up in Tuesday's trade at 11:30AM (IST). Around 688821 shares changed hands on the counter. The stock opened at Rs 614.2 and touched an intraday high and low of Rs 626.1 and Rs 606.05, respectively, in the session so far.

The stock quoted a 52-week high of Rs 1672.95 and a 52-week low of Rs 235.55.

Private lender IndusInd Bank registered lukewarm performance on credit with loans and advances growing a meagre 2 per cent to nearly Rs 2 lakh crore at the end of the September quarter.


Financials
IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 46777.98 Crore).

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 5098.95 Crore and Net Non Performing Assets (Net NPAs) of Rs 1703.37 Crore.

IndusInd Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 24008.25 Crore to Sales Value (83.41 per cent of Total Sales), Income From Investment which contributed Rs 4282.19 Crore to Sales Value (14.87 per cent of Total Sales), Interest which contributed Rs 300.37 Crore to Sales Value (1.04 per cent of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 192.02 Crore to Sales Value (0.66 per cent of Total Sales)for the year ending 31-Mar-2020.

Valuation ratio
It quoted a price-to-earnings ratio of 13.24 and price to book value of 0.71.