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Tuesday, 11 July 2017

IndusInd Bank was buzzing stock on the bourses as the bank is going to announce its financial results for the quarter ended June 30, 2017.

As per the market expectations, net profit for the bank is likely to rise by 26.7% to Rs 838 crore. Net interest income may increase by 26.6% to Rs 1,717 crore. Asset quality to remain stable and loan growth may be placed at approximately 25%.

The stock has extended Monday’s gains and touched a fresh 52-week high of Rs 1,571.5 per share on Tuesday. Meanwhile, Bank Nifty was trading marginally higher by 21 points at 23,696 level. Yes Bank was the top gainer in the index trading at Rs 1,530 per share, up by 1.2%.

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