Indian Bank fell for a fifth straight session today. The stock is quoting at Rs 115.3, down 1.33% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.04% on the day, quoting at 11861.95. The Sensex is at 40296.61, up 0.14%.Indian Bank has eased around 3.03% in last one month.Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has increased around 0.83% in last one month and is currently quoting at 2418.8, down 0.63% on the day. The volume in the stock stood at 4.62 lakh shares today, compared to the daily average of 18.23 lakh shares in last one month.

The PE of the stock is 10.32 based on TTM earnings ending September 19.

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Indian Bank rose for a third straight session today. The stock is quoting at Rs 121.3, up 1.98% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 11921.35. The Sensex is at 40409.34, up 0.31%. Indian Bank has dropped around 3.96% in last one month.

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has dropped around 11.57% in last one month and is currently quoting at 2492.45, up 1.21% on the day. The volume in the stock stood at 13.49 lakh shares today, compared to the daily average of 21 lakh shares in last one month.

The PE of the stock is 8.52 based on TTM earnings ending September 19.

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Indian Bank announced that the Government of India, Ministry of Finance, Department of Financial Services on 13 November 2019 (communication received on 16 November 2019) has advisedthat the Alternative Mechanism (AM) has accorded its in-principle approval to the proposed amalgamation of Allahabad Bank into Indian Bank with Indian Bank as the transferee bank and Allahabad Bank as transferor bank.

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Indian Bank gained for a fifth straight session today. The stock is quoting at Rs 131.3, up 1.94% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.65% on the day, quoting at 11920.65. The Sensex is at 40283.31, up 0.58%. Indian Bank has gained around 11.08% in last one month.

Meanwhile, Nifty PSU Bank index of which Indian Bank is a constituent, has gained around 12.62% in last one month and is currently quoting at 2413.4, up 3.01% on the day. The volume in the stock stood at 9.76 lakh shares today, compared to the daily average of 18.32 lakh shares in last one month.

The PE of the stock is 9.23 based on TTM earnings ending September 19.

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