IndusInd Bank shares locked in upper circuit

ANI
26 Mar 2020, 23:03 GMT+10

Mumbai (Maharashtra) [India], Mar 26 (ANI): Shares of private sector lender IndusInd Bank touched upper circuit on Thursday afternoon, snapping an eight-day losing streak and clocking the biggest-ever intra-day gain.

The stock was the top gainer on the Nifty and Nifty private bank index. At 12:30 pm, the stock was trading at Rs 446.10, up by 48.06 per cent from its previous close.

Reports said over 30.2 lakh shares had changed hand on counters of the National Stock Exchange (NSE) and BSE Ltd.

On Tuesday, the newly-appointed Managing Director and Chief Executive Officer (CEO) Sumant Kathpalia took charge at IndusInd Bank for three years. He succeeds Romesh Sobti whose tenure ended a day earlier.

Last month, Moody's had revised the outlook on IndusInd Bank's instrument to negative from stable to account for the risk of further asset quality deterioration. However, it affirmed ratings on foreign and domestic currency deposits on the back of a strong capital base. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.

More Information

10 ℃

Mostly Cloudy in Dekelia

International Business

Section

British prime minister diagnosed with Covid-19

LONDON, UK - British Prime Minister Boris Johnson has contracted the novel coronavirus, according to a tweet he posted on ...

Tens of billions of dollars earmarked to prop up Singapore economy

SINGAPORE - Singapore's Finance Minister Heng Swee Keat announced on Thursday an additional stimulus package worth $48 billion (Singapore dollars) ...

Ferrari boss sees January end to F1 season

Ferrari team principal Mattia Binotto believes the coronavirus-hit Formula One schedule could push the world championship into a January finish.As ...