Indian Bank has gained 3.5% on good FY09 perfomance.
The stock opened at Rs 128. It touched a high of Rs 134. It is now trading up 3.5% at Rs 132. Around 14,707 shares have been traded on the BSE so far.
According to a release issued by the bank to the BSE, the consolidated net profit has increased 20% to Rs 1,255 crore in the year ended March 31, 2009 from Rs 1,043 crore in the corresponding fiscal. The total income has surged 26% to Rs 7,879 crore in FY09 from Rs 6,268 crore in FY08.
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