Indian Bank is up for a third straight session in a row. The stock is quoting at Rs 240.35, up 5.69% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 10798.45. The Sensex is at 35966.65, up 0.52%. Indian Bank has risen around 6.28% in last one month.

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has risen around 2.3% in last one month and is currently quoting at 2940.8, up 1.71% on the day. The volume in the stock stood at 25.19 lakh shares today, compared to the daily average of 16.23 lakh shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 242.4, up 6.04% on the day. Indian Bank is down 35.66% in last one year as compared to a 5.33% spurt in NIFTY and a 20.07% spurt in the Nifty PSU Bank index.

The PE of the stock is 13.77 based on TTM earnings ending September 18.