Trending stocks: Indian Bank share price rises over 2%

NEW DELHI: Shares of Indian Bank traded 2.04 per cent up in Thursday 's trade at 11:07AM (IST). Around 46037 shares changed hands on the counter. The stock opened at Rs 52.05 and touched an intraday high and low of Rs 53.0 and Rs 52.05 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 292.7 and a 52-week low of Rs 41.95 .

State-owned Indian Bank announced a cut in its marginal cost of fund-based lending rate (MCLR) by 30 basis points across various tenors in line with market competition.


Financials
Indian Bank, incorporated in the year 1907, is a banking company (having a market cap of Rs 5821.88 Crore).

Indian Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 13983.87 Crore to Sales Value (72.89 % of Total Sales), Income From Investment which contributed Rs 5043.42 Crore to Sales Value (26.28 % of Total Sales) and Interest which contributed Rs 17.99 Crore to Sales Value (0.09 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 83.4559 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 3.41 and price to book value of 0.13 .