Stock market news: IndusInd Bank shares slip nearly 2%

NEW DELHI: Shares of IndusInd Bank Ltd. traded 1.71 per cent down in Wednesday's trade at 12:50PM (IST). Around 616593 shares changed hands on the counter. The stock opened at Rs 1080.1 and touched an intraday high and low of Rs 1085.0 and Rs 1026.45, 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.

Induslnd International Holdings, one of the bank's promoters confirmed having completed its capital-raising through rights issue which was oversubscribed by their shareholders. IIHL raised capital at an premium of 1400 per cent towards the subscription of this rights issue.


Financials
IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 79030.41 Crore).

IndusInd Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2020.

Valuation ratio
It quoted a price-to-earnings ratio of 34.01 and price to book value of 0.71.