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IndusInd Bank Share Price

NSE Symbol: INDUSINDBK | BSE Code: 532187

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IndusInd Bank Stock Price

Company Profile of IndusInd Bank:

Established in 1994, IndusInd was declared as one of the first new generation private banks in India. It began operations with an initial capital that amounts to Rs.1 billion. Out of this, Rs.400 million was donated by NRIs, and Residents of India gave Rs.600 million. Now one of the most reputed banks in the country, IndusInd has an impression of quality banking services combined with extraordinary customer service. Apart from merely providing banking services to its customers, the bank continually makes efforts to integrate the latest technology available in the market into its structure.

As of mid-2016, the bank had over 1,000 branches and 1,800 ATMs. One of the significant helping points of the bank is its widespread network which attracts plenty of customers on a yearly basis. The IndusInd system is spread across over 600 locations worldwide.

History of IndusInd Bank:

The primary intention of the bank was to cater to the banking needs for NRIs with its origins dating back to 1994. However, the bank has spread its reach to various types of customers. With its extensive network, quality products, and knowledgeable customer executives, IndusInd is one of the most popular banks in India. The bank also has a lot of accolades associated with it which validates the popularity of the bank and why the bank is one of the go-to banks to many banking customers in the country.

IndusInd Stock Listings and Indices:

IndusInd stocks are listed on Nifty 200, Nifty 500, Nifty 100, S&P BSE 100, S&P BSE 500, S&P BSE 200 amongst several other indices.

  1. BSE code - 532187
  2. NSE code - INDUSINDBK
  3. ISIN - INE095A01012
  4. Sector - BANKS - PRIVATE SECTOR

Management of IndusInd Bank:

Mr. R. Seshasayee – Chairman

Mr. Seshasayee is a CA and also a chairman of IndusInd. Before this, he was the vice chairman of Ashok Leyland, one of the ICICI Banks' board members, and the president of CII. He has been the chairman of IndusInd since July 2007.

Mrs. Kanchan Chitale – Senior Finance Manager

Mrs. Kanchan Chitale is the senior finance manager of IndusInd. CA by profession, she has been a part of the success of several other companies before working for IndusInd. Her primary areas of work include audit management of all the sectors of the organization, making her one of the most valuable employees of the bank.

Mr. Romesh Sobti – Managing Director

He has joined IndusInd as a CEO and Managing director. He has been a part of the banking industry for over 33 years. He has worked with giants like ANZ and SBI, which brings a lot of experience to the table when it comes to providing value to IndusInd. Apart from holding a Bachelor's degree in electrical engineering he also attained a degree in Corporate Laws Practice and Secretarial Practice.

Company's wealth and recent performance:

  1. During Q3 for FY18, the company experienced constant growth and achievement.
  2. The deposit growth of the bank rose by 23% year on year.
  3. Savings deposit experienced a year-on-year increase of 68%.
  4. Net interest income grew by 20% when compared to the same period last year.
  5. Last year during the corresponding quarter, the net interest income stood at roughly Rs.1,500 crore as opposed to Rs.1,800 crore this year in Q3.
  6. Net profit saw a year on year growth of 25%. From Rs.750 crores in the last year of Q3, the net profit rose to Rs.936 crore this year
  7. Return on assets stood at 1.96%.

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IndusInd Market Capitalization:

The market capitalization of IndusInd is over Rs.1,02,800 crore.

IndusInd Stock Trends 2016 – 2017:

The stock price of IndusInd at the beginning of January 2016 stood at around Rs.960, which was also the peak in the stock price for that month. By the end of January 2016, the stock price rose to roughly Rs.900. On the 1st of April, the stock prices remained stagnant and stood at around Rs.965. By the month end, the stock price held at approximately Rs.1030, which was also the highest the stock price of the bank rose at in April 2016. IndusInd saw a rise in stock prices during August and held roughly at Rs.1170. The costs of the stock stood stagnant throughout the month, and at the end of August, the prices rose at approximately Rs.1160. IndusInd saw a rise in stock prices during August and held roughly at Rs.1170. The costs of the stock stood stagnant throughout the month, and at the end of August, the prices rose at approximately Rs.1160.

At the end of 2016, the stock prices held at roughly Rs.1100. During the beginning of December 2016, the stock price was around Rs.1080. January of 2017 was a good month for the bank as the stock prices hit Rs.1250. In April 2017, the bank enjoyed a rise in the stock value when it stood at roughly Rs.1400. The month ended with the stock prices holding at around Rs.1450 which was also one of the highest points of the stock for that month. IndusInd continued to enjoy a rise in stock prices, and in August the stock price of the bank hit approximately Rs.1600. The bank then had its ups and downs which resulted in the stock price to stagnate at Rs.1600 at the end of the year 2017

IndusInd Stock Trends 2018:

The stock prices remained at roughly Rs.1600 at the beginning of 2018. In February 2018, the stock prices rose slightly to approximately Rs.1700.

Why Should You Invest in IndusInd?

  1. The company's performance in FY17 - 18 has seen incredible progress and growth.
  2. It's been hugely profitable this year as well, growing at lucrative rates, making it one of the fastest growing banks in the country.
  3. Its vast progress in Q3 is promising and if replicated in future quarters will ensure a hefty growth, which means increased stock prices.

Stocks or Mutual Funds: Here is our recommendation

A lot of research and knowledge is required in stock market investments, and generally, they don't offer any tax benefits. Hence at mymoneykarma, we merely motivate our readers to invest in mutual funds. Investing in mutual funds doesn't require a lot of knowledge, and equity-linked mutual fund schemes also provide tax benefits. In addition to it, since mutual funds contain stocks from multiple companies, they help in building a diversified portfolio.

Note: The contents of this post/blog do not constitute any professional advice on a specific financial matter.

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Indexes and Exchages

Bombay Stock Exchange (BSE)

The Bombay Stock Exchange, popularly called BSE, is Asia's first and oldest stock exchange. Located at Dalal Street in Mumbai, the BSE was formally established in 1875 by an influential stockbroker and businessman called Premchand Roychand. In the initial days, the BSE had its meetings under several Banyan trees in Mumbai before finding a permanent place, which is very appropriately named Dalal Street or Broker Street. After functioning as a floor trading exchange for more than a century, BSE ascended the digital ladder in 1995 by implementing a new screen-based automated trading platform with a capacity of 8 million orders in a day. In 2012, the BSE went global by becoming a Partner Exchange of the United Nations Sustainable Stock Exchange. Subsequently, BSE established India's first international exchange, called INX, in 2016.

National Stock Exchange (NSE)

NSE was set up in 1992 by a group of leading Indian financial institutions, following the Indian Government's directives. It aimed to bring transparency to the Indian capital market. It was India's first demutualized electronic exchange which operated on a completely automated screen-based electronic trading system, offering an easy trading facility to all Indian investors. NSE began its operations in the Wholesale Debt Market segment in 1994. NSE was the first company in India to offer a digital platform that connected the investor base of the entire country. NSE offers services in various segments, such as trading, equity derivatives, clearing and settlement services in equity, debt and currency derivatives, etc.

NIFTY Index

The NIFTY is NSE's flagship index that tracks the behavior of a portfolio of blue-chip companies that have the largest and most liquid Indian securities. It is owned as well as managed by IISL (India Index Services and Products Ltd), which is India's first specialized company to focus on an index as a core product. Nifty indexes 50 of the 1600 companies on the National Stock Exchange (NSE) and is thus popularly referred to as 'Nifty 50'. It captures approximately 65% of its float-adjusted market capitalization and is a true reflection of the Indian stock market. The Nifty 50 includes the major sectors of the Indian economy. It offers the exposure to the Indian market in one efficient portfolio. The Nifty index has been trading since April 1996. It is ideally suited for index funds, benchmarking and index-based derivatives.

SENSEX Index

Sensex is BSE's stock market index. It consists of 30 well-established and financially flourishing companies listed on BSE. It was established in 1986. These 30 component companies are known for being the largest and most actively traded stocks. They represent various industrial sectors of the Indian economy. Sensex is also known as BSE 30 and S&P BSE SENSEX. The word 'Sensex' is a portmanteau of the words 'Sensitive' and 'Index.' SENSEX is widely reported in domestic and international markets through print and electronic media. The indexing system is scientifically designed, based on globally accepted construction and review methodology. Since September 2003, S&P BSE Sensex is being determined on a free-float market capitalization methodology.

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Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

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None

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

None