Trending stocks: Indian Bank shares gain over 1%

NEW DELHI: Shares of Indian Bank traded 1.01 per cent up in Tuesday's trade at 11:07AM (IST). Around 408321 shares changed hands on the counter. The stock opened at Rs 65.85 and touched an intraday high and low of Rs 66.0 and Rs 64.65, respectively, in the session so far.

The stock quoted a 52-week high of Rs 292.7 and a 52-week low of Rs 41.55.

State-owned Indian Bank on Monday said it plans to raise about Rs 5,000 crore through bonds to fund its business growth. The decision to raise funds was taken in its board meeting held on Monday.


Financials
Indian Bank, incorporated in the year 1907, is a banking company (having a market cap of Rs 3948.07 Crore).

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 14175.88 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 6184.24 Crore (.00% of total assets).

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 83.46 per cent stake in the company as of quarter ended 31st Mar 2020.

Valuation ratio
It quoted a price-to-earnings ratio of 4.58 and price to book value of 0.16.