IndusInd Bank gains ahead of Q3-FY12 numbers

IndusInd Bank gains ahead of Q3-FY12 numbers
Shares of IndusInd bank gained as much as 2.9 per cent on Bombay Stock Exchange during the early morning trade, as investors rushed for bargain hunting ahead of the announcement of its December quarter results on January 10, 2012.

Q3-FY12 earning season is set to start today, and following the optimism around revival in growth numbers, the broader benchmark index of BSE, Sensex was also trading over 200 points above the base line.

Shares of IndusInd bank gained as much as 2.9 per cent to Rs 252.80 during the early morning session, while later on it quoted at Rs 251.75, up 2.48 per cent from previous close on BSE.

The bank had posted a robust 45 per cent surge in September quarter net profits at Rs 193.09 crore, while the trend is largely expected to continue this quarter as well.

However the non-performing assets would be eyed by investors to know the impact of global debt crisis on the bank's profits.

In a similar fashion, shares of the company were trading at Rs 251.70, up 2.46 per cent on the National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 16,054.60, up 240 points at 10:45 hours.

Dion Global Solutions Ltd

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