Indian Bank up by 6.23 percent | Espresso

EspressoLogy

Espresso shot of the day – Indian Bank up by 6.23 percent

April 23, 2021
Espresso shot of the day – Indian Bank up by 6.23 percent

INDIAN BANK 107.35 (+6.23%) BSE – INE562A01011 | 23RD APRIL 2021

Indian Bank was incorporated in the year 1907. It’s today's share price is 107.35. Its current market capitalisation stands at Rs 12123.75 crores. In the latest quarter, company has reported Gross Sales of Rs 214049.69 crores and Total Income of Rs 247174.34 crores. The company's management includes lmran Amin Siddiqui, Dina Nath Kumar, K Ramchandran, Bharath Krishna Sankar, SK Panigrahy, Sanjeev Kaushik, Shenoy Vishwanath, Padmaja Chunduru.

Recent Drivers

  • On 23rd April 2021, Indian Bank has signed an MOU with The Chennai Angles, to finance startups under the bank’s loan product IND Spring Board.
  • On 4th March 2021, after Crisil revised bank's Tier 1, Tier 2 and Infrastructure Bonds' ratings to "stable" from "negative"
  • On 3rd March 2021, Indian Bank said it held an extra-ordinary general meeting (EGM) to seek shareholders nod for raising equity capital up to Rs 4,000 crores through various means such as QIP/FPO/rights issue or any combination of these.
  • Indian Bank reported quarterly net profit at Rs 514.29 crores in December 2020 up 108.08% from Rs 247.16 crores in December 2019.
  • Indian Bank reported Net Interest Income (NII) at Rs 4,313.28 crores in December 2020 up 120.61% from Rs 1955.1859 crores in December 2019.

(Sources: Moneycontrol, The Times of India)

Technical Force*

  • S&P BSE 500 month till date gain up by -1.69%
  • 3 months avg volume- 3,34,776
  • Quantity traded 1,74,352 Deliverable quantity 52,486 (30.10%)
  • Stock price has jumped more than 140 % from one year low level – 43.25, 29 May 2020
  • Daily RSI(14) is in oversold territory today
  • 52 -week high –156.90 | 52- week low- 43.25

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

185.18

147.72

116.63

79.17

48.08

10.62

-

-

Fibonacci Pivot

147.72

121.53

105.35

94.93

79.17

63.40

52.98

36.80

10.62


Today’s Close

107.35

SMA

BSE

10 DAY

105.77

20 DAY

111.37

50 DAY

123.98

200 DAY

83.46

Some Key Ratios (Source: BSE)

Market Cap: 12,123.75 crores

PE: 11.25

OPM%:-

ROE%: 2.96

Promoters holding : 88.06

Prev. Close: 101.05

*Chart And Technical Force data taken from the Binge desktop app.

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comtrade Private Limited is under no obligation to update the information in this document from time-to-time.


Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.