Indian Bank soars 17% in 2 days on healthy Q2 results; nears 52-week high

Quick Summary:

Motilal Oswal Financial Services reiterated its 'BUY' rating on Indian Bank with a revised target price of Rs 650 per share.

In Q2FY25, Indian Bank’s loan growth remained healthy, while deposit growth was modest, which led to a slight increase in the credit-deposit (CD) ratio.

In the past two days, the market price of state-owned bank soared 17 per cent.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Q2 Motilal Oswal Financial Services 52-week high Markets Indian Bank share price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 14:54:49 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23323575

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