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    532187   INE095A01012

INDUSIND BANK LIMITED

(532187)
  Report
End-of-day quote Bombay Stock Exchange  -  2023-02-02
1103.50 INR   +2.61%
02/02INDIA STOCKS-Financials power rise in Indian shares; Adani stocks cap gains
RE
02/02Stable Global Market Trends, Foreign Fund Inflows Shed Indian Equities Losses
MT
01/30Indusind Bank Limited Announces Retirement of Arun Tiwari as Part-Time Chairman and Director
CI
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Indian shares slip on rate hike worries, banks blunt losses

09/14/2022 | 06:49am EST

BENGALURU, Sept 14 (Reuters) - Indian shares closed lower on Wednesday, dragged by sharp losses in tech stocks on rating downgrades and U.S. interest rate hike worries, although stronger bank stocks arrested the decline.

The Nifty 50 ended 0.37% lower at 18,003.75 and the S&P BSE Sensex slipped 0.37% to 60,346.97, after briefly entering positive territory in late afternoon trade.

The indexes had dropped 1.65% and 1.91%, respectively, at open, after an unexpected increase in U.S. inflation stoked fears of aggressive rate hikes and roiled world markets.

The Nifty IT index was the hardest hit in Mumbai, sliding 3.4%, with heavyweight IT services majors Infosys and Tata Consultancy Services dropping around 4.5% and 3.4%, respectively.

Goldman Sachs downgraded Tata Consultancy Services and Infosys to "sell" from "buy" and slashed target prices citing a potential slowdown in dollar revenue growth in the face of a looming macroeconomic stress.

Most other sub-indexes recovered during the session, led by banking and metal stocks, with analysts saying India was better placed to weather the inflation tumult with a stronger growth trajectory than other economies.

Persistent foreign investor purchases have also propped up the domestic market.

The Nifty Bank index jumped 1.3% to a record closing high, boosted by a 2.5% climb in largest lender State Bank of India and 4.5% surge in IndusInd Bank .

Vedanta shares surged 10.1% after the conglomerate said it will look at creating a hub to manufacture Apple's iPhones and TV equipment, along with possibly diving into the electric vehicle sector.

The Nifty Metal index climbed 1.6%.

India's most valuable company Reliance Industries slipped 1.2%. (Reporting by Chris Thomas in Bengaluru; Editing by Neha Arora)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 3.11% 155.32 Delayed Quote.16.08%
INDUSIND BANK LIMITED 2.61% 1103.5 End-of-day quote.-9.66%
INFOSYS LIMITED 0.99% 1599.4 Delayed Quote.5.01%
NIFTY 50 1.38% 17854.05 Delayed Quote.-2.73%
NIFTY BANK 0.39% 41499.7 Delayed Quote.-5.39%
NIFTY IT 1.83% 30597.65 Delayed Quote.6.80%
RELIANCE INDUSTRIES LTD 0.09% 2329 Delayed Quote.-8.65%
SENSEX BSE30 1.52% 60841.88 Real-time Quote.-1.49%
STATE BK OF INDIA 3.05% 544.2 Delayed Quote.-13.95%
TATA CONSULTANCY SERVICES LTD. 0.63% 3482.3 Delayed Quote.6.25%
VEDANTA LIMITED -3.90% 314.3 Delayed Quote.6.05%
All news about INDUSIND BANK LIMITED
02/02INDIA STOCKS-Financials power rise in Indian shares; Adani stocks cap gains
RE
02/02Stable Global Market Trends, Foreign Fund Inflows Shed Indian Equities Losses
MT
01/30Indusind Bank Limited Announces Retirement of Arun Tiwari as Part-Time Chairman and Dir..
CI
01/30Hopes for Moderation in Pace of US Fed's Rate Hike Help Indian Equities End Higher
MT
01/25Indian Equities Close Lower Midweek, Weighed Down by IT, Financial Stocks
MT
01/23Moody's Keeps IndusInd Bank Rating at Ba1; Outlook Stable
MT
01/20Nomura Adjusts IndusInd Bank's Price Target to INR1,460 From INR1,415, Keeps at Buy
MT
01/19INDIA STOCKS-Indian shares decline on U.S. recession worries, hawkish Fed
RE
01/18IndusInd Bank Posts Rise in Fiscal Q3 Consolidated Net Profit
MT
01/18Indian shares seen opening lower on U.S. recession fears, hawkish Fed
RE
More news
Analyst Recommendations on INDUSIND BANK LIMITED
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Financials
Sales 2023 258 B 3 144 M 3 144 M
Net income 2023 74 057 M 902 M 902 M
Net Debt 2023 - - -
P/E ratio 2023 11,5x
Yield 2023 1,12%
Capitalization 856 B 10 427 M 10 427 M
Capi. / Sales 2023 3,32x
Capi. / Sales 2024 2,86x
Nbr of Employees 33 582
Free-Float 74,0%
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Mean consensus -
Number of Analysts 0
Last Close Price 1 103,55
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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
Sector and Competitors