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    532187   INE095A01012

INDUSIND BANK LIMITED

(532187)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-11-29
1167.35 INR   -1.07%
05:38aMetal, Power and Auto Stocks Bring Indian Equities to Seventh Consecutive Day of Gains
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11/29Strong FMCG, Metal Stocks Help Indian Equities Extend Winning Run; Hindustan Unilever Rises 4%
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11/29IndusInd Bank Ties Up With Tata Motors for Electric Vehicles Dealer Financing
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INDIA STOCKS-Indian shares rise 2% as banks, metals surge

10/04/2022 | 01:40am EST

BENGALURU, Oct 4 (Reuters) - Indian shares rose 2% on Tuesday, led by gains in banks and metal companies, as an attempted bounce in global equities and upbeat quarterly updates from companies lifted investor sentiment ahead of the corporate earnings season.

The NSE Nifty 50 index rose 2% to 17,234.55 as of 0515 GMT and the S&P BSE Sensex gained 2% at 57,941.14.

Meanwhile, crude prices inched higher, leaving domestic investors wary of inflation heating up in the world's third-largest oil importing country.

Asian stocks bounced on Tuesday after Britain scrapped bits of a controversial tax cut plan, tentatively improving global market sentiment, rallying bonds and the pound.

The Nifty metals index and the bank index surged 2.6%, each.

"Our markets and economy are much more resilient than the rest of the world. It is expected that the credit growth will be much better in the second half of the year and that's the reason we are seeing good amount of buying in banks," said Saurabh Jain, assistant vice-president, research, at SMC Global Securities.

IndusInd Bank shares rose 5% after it posted an 18% jump in net advances in the second quarter . It was the top gainer in Nifty 50 index.

Shares of Mahindra and Mahindra Financial Services surged 10% after the company reported strong disbursement for September and improved collection efficiency.

"Earnings will be the major driver of markets for the next few weeks, with more stock-specific moves. Banks, capital goods and consumer companies are expected to shine more," SMC's Jain said.

Foreign institutional investors (FII) turned net buyers in the beginning of the week, purchasing 5.91 billion rupees ($72.48 million) worth of domestic equities on Monday, provisional data available with the National Stock Exchange showed.

FIIs sold $1.99 billion of shares last week, as per Refinitiv Eikon data. September saw net FII equity outflows of $903.08 million, compared with $6.44 billion of inflows in August, according to Refinitiv. (Reporting by Nallur Sethuraman and Gaurav Dogra in Bengaluru; Editing by Subhranshu Sahu, Savio D'Souza and Dhanya Ann Thoppil)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL 2.14% 86.73 Delayed Quote.6.82%
FSN E-COMMERCE VENTURES LIMITED -1.94% 172.3 Delayed Quote.-49.84%
INDUSIND BANK LIMITED -1.07% 1167.35 End-of-day quote.31.51%
MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED 0.35% 215 Delayed Quote.43.84%
MAHINDRA AND MAHINDRA LTD 3.86% 1305.6 Delayed Quote.50.16%
NIFTY 50 0.75% 18758.35 Delayed Quote.7.28%
SENSEX BSE30 0.67% 63099.65 Real-time Quote.7.60%
WTI 2.22% 80.468 Delayed Quote.1.55%
All news about INDUSIND BANK LIMITED
05:38aMetal, Power and Auto Stocks Bring Indian Equities to Seventh Consecutive Day of Gains
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11/29Strong FMCG, Metal Stocks Help Indian Equities Extend Winning Run; Hindustan Unilever R..
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11/29IndusInd Bank Ties Up With Tata Motors for Electric Vehicles Dealer Financing
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11/22Buying in Public Sector Bank Stocks Aids Indian Equities Snap Losing Run; IndusInd Bank..
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11/22INDIA STOCKS-Indian shares edge higher after three-day slide, Fed minutes eyed
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11/22Transcript : IndusInd Bank Limited - Analyst/Investor Day
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11/21Public Sector Banks Withstand Weakness in Indian Equities; Oil & Natural Gas Drops 6%
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11/18Weakness in Auto and Pharma Stocks Weigh on Indian Equities; Mahindra & Mahindra Tops L..
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11/16IndusInd Bank Ties Up with Uttarakhand Government to Offer Banking Services in Over 600..
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11/16IndusInd Bank Limited Partners with the Department of Panchayati Raj, Government of Utt..
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Analyst Recommendations on INDUSIND BANK LIMITED
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Financials
Sales 2023 256 B 3 142 M 3 142 M
Net income 2023 73 882 M 907 M 907 M
Net Debt 2023 - - -
P/E ratio 2023 12,3x
Yield 2023 1,06%
Capitalization 905 B 11 113 M 11 113 M
Capi. / Sales 2023 3,54x
Capi. / Sales 2024 3,04x
Nbr of Employees 33 582
Free-Float 74,1%
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Number of Analysts 0
Last Close Price 1 167,35
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Managers and Directors
Sumant Kathpalia Chief Executive Officer, Director & MD
Gobind Jain Chief Financial Officer
Arun Tiwari Chairman
Ramesh Ganesan Head-Technology & Global Market Operations
Bhavesh Lakhani Chief Technology Officer
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