Indian Bank rose for a third straight session today. The stock is quoting at Rs 269.5, up 2.71% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.98% on the day, quoting at 11277.05. The Sensex is at 37435.48, up 1.03%. Indian Bank has added around 22.47% in last one month.
Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has added around 9.44% in last one month and is currently quoting at 3006.95, down 0.24% on the day. The volume in the stock stood at 43.24 lakh shares today, compared to the daily average of 25.79 lakh shares in last one month.
The benchmark March futures contract for the stock is quoting at Rs 263.15, up 0.48% on the day. Indian Bank is down 8.19% in last one year as compared to a 8.15% gain in NIFTY and a 3.05% gain in the Nifty PSU Bank index.
The PE of the stock is 19.61 based on TTM earnings ending December 18.