Indian Bank Share Price surged 5% Intraday

Indian Bank share price surged around 5 per cent intraday on Tuesday, by trading at day’s high of Rs. 255.10. The stock opened at Rs. 240.00 higher than its previous close of Rs. 240.75.

The lower price band of the share is Rs. 192.60 and the upper price band is Rs. 288.90. The 52 week high of Indian Bank share price is seen at Rs. 276.40 on 11th November 2016 and its lifetime high is Rs 316.25 made on 7th October 2016. The stock’s 52 week low is Rs. 75.30 on 1st March 2016 and its lifetime low is Rs. 59.95 on 28th August 2013.

The Average Daily Movement of the stock is 12.01. The stock yields 3.54 per cent monthly returns and has the consolidated PE ratio for FY 15-16 of 15.39, standalone PE for FY 15-16 of 16.25 and standalone trailing PE ratio of 13.76. The market cap of the company amounts to Rs 11563.02 crores as on 30th November 2016 and has a book value of Rs. 285.42.

Indian Bank share price closed at Rs. 253.75, up by 5.13 per cent. So far, approximately 7,63,761 shares have changed hands over the NSE as compared to its average volume for last 20 days of 8,75,418.

Out of Top 500 Shares, Indian Bank is one of the Multibagger Shares, identified by Dynamic research at the end of every month. Indian Bank can be a great investment opportunity which can give you high return. Indian Bank is a well analyzed multibagger stock, based on our technical and fundamental research, traded in very high volumes. As observed, these companies multiply their earnings per share every year. These shares have a great potential to grow in the long run.

In order to acquire more details on the support and resistance levels and also the fundamentals and financials of the stock, kindly refer to Indian Bank share price history page of Dynamic Levels website.