Trending stocks: IndusInd Bank share price rises 1%

NEW DELHI: Shares of IndusInd Bank traded 0.5 per cent up in Wednesday 's trade at 10:23AM (IST).
Around 362962 shares changed hands on the counter. The stock opened at Rs 420.95 and touched an intraday high and low of Rs 422.85 and Rs 408.8 , 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 .


Bank of America Securities has downgraded IndusInd Bank as it believes that the banking sector is on the verge of a new and unique non-performing asset (NPA) cycle panning across corporate and retail segments.


Financials
IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 29056.46 Crore).

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 5146.74 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 1886.58 Crore (.00% of total assets).

IndusInd Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 18256.68 Crore to Sales Value (82.01 % of Total Sales), Income From Investment which contributed Rs 3677.34 Crore to Sales Value (16.51 % of Total Sales) and Interest which contributed Rs 225.10 Crore to Sales Value (1.01 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 0.0 per cent stake in the company as of quarter ended 31st Mar 2020 .

Valuation ratio
It quoted a price-to-earnings ratio of 6.51 and price to book value of 0.95 .