Hot Pursuit     28-Feb-20
Indian Bank falls around 5%
Indian Bank is quoting at Rs 71.8, down 5.09% on the day as on 13:24 IST on the NSE. The stock tumbled 43.16% in last one year as compared to a 3.84% rally in NIFTY and a 30.05% fall in the Nifty PSU Bank index.

Indian Bank is down for a fifth straight session today. The stock is quoting at Rs 71.8, down 5.09% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 3.03% on the day, quoting at 11281.1. The Sensex is at 38577.64, down 2.94%.Indian Bank has lost around 30.83% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has eased around 16.7% in last one month and is currently quoting at 2049.1, down 3.32% on the day. The volume in the stock stood at 6.93 lakh shares today, compared to the daily average of 11.2 lakh shares in last one month.

The PE of the stock is 5.9 based on TTM earnings ending December 19.

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