Trending stocks: IndusInd Bank shares rise 0.8% in early trade

NEW DELHI: Shares of IndusInd Bank traded 0.8 per cent up in Thursday's trade at 09:54 am. Around 65,52,923 shares changed hands on the counter. The stock opened at Rs 425.0 and touched an intraday high and low of Rs 425.0 and Rs 398.2, respectively, in the session so far.

CRISIL recently reaffirmed ratings on debt instruments of IndusInd Bank.

The stock quoted a 52-week high of Rs 1834.4 and a 52-week low of Rs 235.55.


Financials
IndusInd Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 27654.74 crore).

The company reported Rs 1,300 crore gain for the quarter ended 31 December, 2019.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 4578.43 crore and Net Non Performing Assets (Net NPAs) of Rs 2173.29 crore.

IndusInd Bank key products/revenue segments include interest & discount on advances & bills which contributed Rs 18256.68 crore to sales value (82.01 per cent of total sales), income from investment which contributed Rs 3677.34 crore to sales value (16.51 per cent of total sales) and interest which contributed Rs 225.10 crore to sales value (1.01 per cent of total sales)for the year ending 31-mar-2019.

Promoter holding
Promoters held 13.039939 per cent stake in the company as of quarter ended 31st Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of 6.33 and price to book value of 0.93.