Indian Bank lists at premium, drifts lower and back up again

The equity shares of Indian Bank listed in NSE at Rs.93.90, up by Rs.2.90 (+3.18%) over its issue price of Rs.91. The stock drifted lower on across the board selling in markets.

The stock hit an intraday low of Rs.75 and recovered smartly. At 2:23 PM, the stock was trading at Rs.99, up 8.79% over its issue price of Rs.91.

The stock had an intraday high of Rs.99.85. The total traded quantity was 47543159 and the turnover was Rs.44029.72 Lakhs.

In BSE, the stock opened at Rs.105, up by 15.38%. The stock hit an intraday high of Rs.105 and intraday low of Rs.77. The total traded quantity was 27588837 and the weighted average price was Rs.92.69.

Source : Equity Bulls

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