IndusInd Bank Ltd Share Price – NSE  /  BSE

Banks, Mid Cap

IndusInd Bank will hold a meeting of the Board of Directors of the Company on 25 April 2024.

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IndusInd Bank Ltd is up for a third straight session today. The stock is quoting at Rs 1569.3, up 1.09% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.72% on the day, quoting at 22676. The Sensex is at 74771.35, up 0.7%. IndusInd Bank Ltd has gained around 1.83% in last one month.

Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has gained around 2.78% in last one month and is currently quoting at 48493.05, up 0.31% on the day. The volume in the stock stood at 12.37 lakh shares today, compared to the daily average of 40.9 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 1573.9, up 0.91% on the day. IndusInd Bank Ltd is up 46.76% in last one year as compared to a 28.67% jump in NIFTY and a 19.12% jump in the Nifty Bank index.

The PE of the stock is 13.97 based on TTM earnings ending December 23.

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On sequential basis, the bank’s net advances grew 5% to Rs 3,27,057 crore as on 31 December 2023.

The bank reported a 14% growth in deposits to Rs 3,84,789 crore as of 31 March 2024 from Rs 3,36,438 crore as of 31 March 2023 and a rise of 4% to Rs 3,68,956 crore as of 31 December 2023.

CASA ratio reduced to 37.9% as of 31 March 2024 compared with 40.1% as of 31 March 2023 and 38.5% as of 31 December 2023.

The retail deposits and deposits from small business customers amounted to Rs 1,69,441 crore as of 31 March 2024 as compared to Rs 1,65,371 crore as of 31 December 2023, recording a growth of 2.46%.

During Q4FY24, the retail deposits as per LCR saw a one-time net outflow of Rs 2,759 crore following regulatory actions on a fin-tech partner of the bank.

IndusInd Bank caters to both consumer and corporate customers. As of 31 December 2023, the bank's distribution network included 2,728 branches/ banking outlets and 2,939 onsite and offsite ATMs, as against 2,384 branches/ banking outlets and 2,894 onsite and offsite ATMs as of 31 December 2022. The client base stood at 38 million.

The private lender's standalone net profit increased 17.29% to Rs 2,297.85 crore on 21.11% rise in total income to Rs 13,968.10 crore in Q3 FY24 over Q3 FY23.

The scrip shed 0.71% to currently trade at Rs 1,532.90 on the BSE.

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IndusInd Bank Ltd gained for a fifth straight session today. The stock is quoting at Rs 1529.25, up 0.69% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.7% on the day, quoting at 22159.1. The Sensex is at 73013.93, up 0.75%. IndusInd Bank Ltd has gained around 5.52% in last one month.

Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has gained around 1.76% in last one month and is currently quoting at 46600.2, up 0.36% on the day. The volume in the stock stood at 37.91 lakh shares today, compared to the daily average of 35.48 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 1531.2, up 0.71% on the day. IndusInd Bank Ltd is up 47.59% in last one year as compared to a 30.72% spurt in NIFTY and a 18.2% spurt in the Nifty Bank index.

The PE of the stock is 13.68 based on TTM earnings ending December 23.

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