IndusInd Bank Ltd Share Price – NSE /  BSE

Banks, Mid Cap

IndusInd Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 1083.5, up 1.85% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.27% on the day, quoting at 23930.5. The Sensex is at 78546.92, down 0.3%. IndusInd Bank Ltd has dropped around 19.79% in last one month.

Meanwhile, Nifty Bank index of which IndusInd Bank Ltd is a constituent, has dropped around 1.28% in last one month and is currently quoting at 51215.25, down 0.18% on the day. The volume in the stock stood at 28.27 lakh shares today, compared to the daily average of 66.5 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 1086.65, up 1.66% on the day. IndusInd Bank Ltd is down 26.31% in last one year as compared to a 23.28% spurt in NIFTY and a 17.21% spurt in the Nifty Bank index.

The PE of the stock is 10.2 based on TTM earnings ending September 24.

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VST Industries Ltd, Glenmark Life Sciences Ltd, Dixon Technologies (India) Ltd and Poonawalla Fincorp Ltd are among the other losers in the BSE's 'A' group today, 25 October 2024.

IndusInd Bank Ltd lost 18.76% to Rs 1039 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 22.87 lakh shares were traded on the counter so far as against the average daily volumes of 1.26 lakh shares in the past one month.

VST Industries Ltd crashed 10.12% to Rs 309.2. The stock was the second biggest loser in 'A' group.On the BSE, 1.48 lakh shares were traded on the counter so far as against the average daily volumes of 33060 shares in the past one month.

Glenmark Life Sciences Ltd tumbled 10.00% to Rs 935.5. The stock was the third biggest loser in 'A' group.On the BSE, 38203 shares were traded on the counter so far as against the average daily volumes of 24393 shares in the past one month.

Dixon Technologies (India) Ltd dropped 9.69% to Rs 13604. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.7 lakh shares were traded on the counter so far as against the average daily volumes of 14974 shares in the past one month.

Poonawalla Fincorp Ltd pared 8.35% to Rs 328.25. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.1 lakh shares were traded on the counter so far as against the average daily volumes of 82208 shares in the past one month.

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Home First Finance Company India Ltd, Chalet Hotels Ltd, Dixon Technologies (India) Ltd, Laurus Labs Ltd are among the other stocks to see a surge in volumes on NSE today, 25 October 2024.

IndusInd Bank Ltd notched up volume of 515.74 lakh shares by 14:14 IST on NSE, a 16.19 fold spurt over two-week average daily volume of 31.85 lakh shares. The stock slipped 18.87% to Rs.1,038.55. Volumes stood at 24.41 lakh shares in the last session.

Home First Finance Company India Ltd witnessed volume of 30.86 lakh shares by 14:14 IST on NSE, a 15.41 times surge over two-week average daily volume of 2.00 lakh shares. The stock dropped 1.57% to Rs.1,095.50. Volumes stood at 2.3 lakh shares in the last session.

Chalet Hotels Ltd witnessed volume of 18.15 lakh shares by 14:14 IST on NSE, a 15.03 times surge over two-week average daily volume of 1.21 lakh shares. The stock increased 4.55% to Rs.874.55. Volumes stood at 1.26 lakh shares in the last session.

Dixon Technologies (India) Ltd saw volume of 34.98 lakh shares by 14:14 IST on NSE, a 12.56 fold spurt over two-week average daily volume of 2.79 lakh shares. The stock dropped 10.78% to Rs.13,431.80. Volumes stood at 3.4 lakh shares in the last session.

Laurus Labs Ltd witnessed volume of 178.31 lakh shares by 14:14 IST on NSE, a 9.27 times surge over two-week average daily volume of 19.23 lakh shares. The stock increased 3.17% to Rs.461.50. Volumes stood at 24.2 lakh shares in the last session.

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The key equity benchmarks traded with major losses in afternoon trade. The Nifty traded near the 24,100 level. Barring the Nifty FMCG index, all the other sectoral indices on the NSE traded in red.

At 13:30 IST, the barometer index, the S&P BSE Sensex, tumbled 774.84 points or 0.97% to 79,290.32. The Nifty 50 index dropped 299.40 points or 1.23% to 24,100.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.72% and the S&P BSE Small-Cap index declined 2.45%.

The market breadth was weak. On the BSE, 658 shares rose and 3,209 shares fell. A total of 84 shares were unchanged.

Gainers & Losers:

ITC (up 2.04%), Hindustan Unilever (up 0.99%), Sun Pharmaceutical Industries (up 0.87%), Nestle India (up 0.62%) and Axis Bank (up 0.50%) were major Nifty gainers.

Indusind Bank (down 18.85%), Adani Enterprises (down 4.96%), Shriram Finance (down 4.92%), Mahindra and Mahindra (down 4.80%) and NTPC (down 3.91%) were major Nifty losers.

ITC added 2.04% after the diversified conglomerate’s net profit rose 3.07% to Rs 4,917.45 crore in Q2 FY25 as against Rs 4,926.96 crore posted in Q2 FY24.

Net revenue (excluding excise duty) was at Rs 19,150.32 crore in the September quarter FY25, up 16.81% from Rs 16,393.74 crore recorded in the corresponding quarter previous year.

IndusInd Bank tumbled 18.85% after the bank reported 39.24% decline in standalone net profit to Rs 1,325.45 crore in Q2 FY25 as against Rs 2,181.47 crore posted in Q2 FY24.

However, total income increased 9.91% year on year (YoY) to Rs 14,870.18 crore in the quarter ended 30 September 2024.

Stocks in Spotlight:

RR Kabel slipped 3.19% after the company’s consolidated net profit declined 33.16% to Rs 49.52 crore in Q2 FY25 as against Rs 74.09 crore posted in Q2 FY24. Revenue from operations was at Rs 1,810.13 crore in second quarter of FY25, marking a growth of 12.45% as against Rs 1,609.67 crore in Q2 FY24.

Nippon Life India Asset Management added 1.52% after the company’s consolidated net profit jumped 47.33% to Rs 360.10 crore on 45.59% rise in total income to Rs 692.08 crore in Q2 FY25 over Q2 FY24.

Radico Khaitan added 1.33% after the company’s standalone net profit jumped 32.82% to Rs 82.19 crore on 20.68% increase in net sales to Rs 1,116.30 crore in Q2 FY25 over Q2 FY24.

Mahanagar Gas slipped 3.62% after the company reported 16.5% fall in standalone net profit to Rs 282.8 crore despite a 9% rise in net revenue from operations to Rs 1,711.62 crore in Q2 FY25 over Q2 FY24.

Global Markets:

European stock traded on lower as rounding off a largely negative week for global stocks as third-quarter earnings season has ramped up.

Most Asian stocks advanced on Friday as investors looking ahead for Japan’s general election over the weekend.

Japan also released its October inflation numbers for the capital city of Tokyo on Friday, its last key economic data before the election. The Bank of Japan’s 2-day monetary policy meeting will start on Oct. 30.

Tokyo’s headline inflation rate fell to 1.8% in October from 2.2% the month before, with core inflation — which strips out prices of fresh food — also coming in at 1.8%, down from 2%.

Japanese shares declined in anticipation of a hotly contested general election this Sunday. Concerns about potential currency market intervention by the Japanese government, as the yen approached three-month lows, also weighed on sentiment.

Soft inflation data further pressured the yen. The October headline Tokyo Consumer Price Index (CPI) rose 1.8% year-over-year (YoY), compared to 2.2% in the previous month, according to the Statistics Bureau of Japan.

U.S. equities were mixed on Thursday as investors prepared for a series of major tech earnings reports. Rising geopolitical tensions in the Middle East, with Israel threatening a strike against Iran, also dampened risk appetite. The Dow Jones Industrial Average fell 0.33%, while the S&P 500 rose 0.21%, and the NASDAQ Composite gained 0.76%.

Tesla led the broader market index, surging nearly 22% after reporting third-quarter results that exceeded expectations. This marked its best day since 2013. Whirlpool and UPS also climbed after posting strong results.

IBM dragged down the Dow, falling over 6% as its consulting revenue narrowly missed estimates. Boeing slipped 1.2% after its machinists rejected a new labor contract.

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