IndusInd Bank Crashes 27% From Day's High As Trading Volume Spikes
As many as 22.45 lakh IndusInd Bank shares changed hands on the BSE compared with an average of 15.39 lakh shares traded daily in the past two weeks.27-03-2020
27-03-2020
Gainers in the News: IndusInd Bank, Bandhan Bank, JK Paper, Sun Pharma Advanced, Info Edge (India)
by Ritmbarah Arora IndusInd Bank: The shares of IndusInd Bank skyrocketed 24.9% to Rs 331.4. Around 3.5 million stocks in volume have been traded so far. The stock price has fallen 15.2% since the past week and 66.8% since the last month. Europacific Growth Fund has sold 35.8 lakh shares of IndusInd Bank in a bulk deal at an average price of Rs 298.8 per share. The stocks fell continuously for eight straight trading sessions before rising today. Global rating agency Moody’s had revised the outlook on the bank’s instrument from ‘stable’ to ‘negative’ for the risk on further asset quality deterioration in February. IndusInd Bank is listed in 46 screeners on Trendlyne. Bandhan Bank: The stocks of Bandhan Bank jumped 29.9% to Rs 170.2 as of this writing. Around 4.4 million shares in volume have been traded so far. The share price tanked 4.7% since the last week and 51.5% since the last month, per Trendlyne data. Business Standard had issued a ‘buy’ call on Bandhan Bank at a target of Rs 265 at a stoploss of Rs 225 as the stock showed a sign of oversold on RSI indicator. The bank is listed in 35 screeners on Trendlyne. JK Paper: JK Paper’s share price rallied 16.1% to Rs 80.3 while around 1.3 million stocks in volume have been traded so far. The stock price gained 1.8% since the last week and is down 33.8% since the last month. JK Paper is listed in 41 screeners on Trendlyne. Sun Pharma Advanced Research Company: The stock price of Sun Pharma Advanced Research Company rose 15.8% to Rs 97.5. Around 1.2 million shares in volume have been traded so far today. The share price is up 4.6% since the last week and decreased 37% since the last month. Around 31 lakh equity shares were pledged in favour of Bajaj Finance Limited in respect of loan facility availed by third party on March 11, 2020. Sun Pharma Advanced Research Company is listed in 32 screeners on Trendlyne. Info Edge (India): The share price of Info Edge (India) surged 15% to Rs 2,102.5 as of now. Around 1.6 lakh shares in volume have been traded so far. The stock price is up 6.3% since the last week and has fallen 19.5% since the last month. Info Edge (India) has entered into an agreement to invest about Rs 7 crore, through its wholly-owned subsidiary in MedCords Healthcare Solutions. Info Edge has also agreed to invest another Rs 8 crore in an education services startup Univariety. Info Edge (India) is listed in 34 screeners on Trendlyne.26-03-2020
INDUSIND BANK LTD. - 532187 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Pursuant to Regulation 30 of Listing Regulations, please find below the Schedule of Institutional Investor(s) / Analysts meeting(s) /call(s) held on March 25, 2020 in Mumbai. Sr. No. Name of Institutional Investor(s) / Analyst(s) 1 Capital Research Global Investors 2 Ishana Capital Limited A copy of latest Investor Presentation has already been forwarded to the Stock Exchanges and is placed on the website of the Bank. In compliance with the Regulation 46, the information is being hosted on the Bank''s website at www.indusind.com. Kindly take the above information on record and oblige.25-03-2020
INDUSIND BANK LTD. - 532187 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Subject: Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Pursuant to Regulation 30 of Listing Regulations, please find below the Schedule of Institutional Investor(s) / Analysts meeting(s) /call(s) held on March 24, 2020 in Mumbai. Sr. No. Name of Institutional Investor(s) / Analyst(s) 1 Balyasny Asset Management, HK A copy of latest Investor Presentation has already been forwarded to the Stock Exchanges and is placed on the website of the Bank. In compliance with the Regulation 46, the information is being hosted on the Bank''s website at www.indusind.com. Kindly take the above information on record and oblige.25-03-2020
Romesh Sobti's stint at IndusInd Bank comes to an end, Sumanth Kathpalia to take over
After his 12-year-long stint at the bank, Sobti will now be handing over the reins to Sumanth Kathpalia.24-03-2020
INDUSIND BANK LTD. - 532187 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of Listing Regulations, please find below the Schedule of Institutional Investor(s) / Analysts meeting(s) /call(s) held on March 23, 2020 in Mumbai. Name of Institutional Investor(s) / Analyst(s) 1. Quantum Advisors Private Limited A copy of latest Investor Presentation has already been forwarded to the Stock Exchanges and is placed on the website of the Bank. In compliance with the Regulation 46, the information is being hosted on the Bank''s website at www.indusind.com. Kindly take the above information on record and oblige.24-03-2020
INDUSIND BANK LTD. - 532187 - Announcement under Regulation 30 (LODR)-Change in Directorate
In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Bank had on February 27, 2020, informed the Stock Exchanges of having received approval of RBI under Section 35B of the Banking Regulation Act, 1949 for the appointment of Mr. Sumant Kathpalia as Managing Director & CEO with effect from March 24, 2020, for a period of three years. The Board of Directors have today noted that Mr. Romesh Sobti's tenure as ''Managing Director & CEO'' of the Bank, would conclude as at the close of today, and that Mr. Sumant Kathpalia (DIN 01054434) would take charge from tomorrow as 'Additional Director', designated as 'Managing Director & CEO' of the Bank for a period of three years, with effect from March 24, 2020. A copy of this letter is being hosted on the Bank's website at www.indusind.com23-03-2020
INDUSIND BANK LTD. - 532187 - Announcement under Regulation 30 (LODR)-Retirement
Madam / Dear Sir, Subject: Completion of tenure of Mr. Romesh Sobti, Managing Director & CEO of the Bank. Mr. Romesh Sobti, shall demit the Office of Managing Director & CEO of the Bank, today, March 23, 2020, in line with the tenure approved by RBI. The Board of Directors have placed on record their deep appreciation for the wide ranging contributions made by Mr. Sobti since taking over the position of Managing Director & CEO on February 1, 2008. This disclosure is being submitted in accordance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. A copy of this letter is being hosted on the Bank's website at www.indusind.com23-03-2020
INDUSIND BANK LTD. - 532187 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Subject: Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Pursuant to Regulation 30 of Listing Regulations, please find below the Schedule of Institutional Investor(s) / Analysts meeting(s) /call(s) held on March 20, 2020 in Mumbai and Hyderabad.. Sr. No. Name of Institutional Investor(s) / Analyst(s) Location 1 Route One Investment Co Hyderabad 2 Axis Capital Ltd Mumbai 3 Aditya Birla Capital Mumbai 4 DSP Merrill Lynch Ltd Mumbai 5 Maverick Capital Mumbai In compliance with the Regulation 46, the information is being hosted on the Bank''s website at www.indusind.com. 'A copy of latest Investor Presentation has already been forwarded to the Stock Exchanges and is placed on the website of the Bank.' Kindly take the above information on record and oblige.20-03-2020
INDUSIND BANK LTD. - 532187 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Subject: Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Pursuant to Regulation 30 of Listing Regulations, please find below the Schedule of Institutional Investor(s) / Analysts meeting(s) /call(s) held on March 19, 2020 in Mumbai. Sr. No. Name of Institutional Investor(s) / Analyst(s) 1 UTI asset Management Company Ltd 2 Generation Investment Management LLP 'A copy of latest Investor Presentation has already been forwarded to the Stock Exchanges and is placed on the website of the Bank.' In compliance with the Regulation 46, the information is being hosted on the Bank''s website at www.indusind.com. Kindly take the above information on record and oblige.19-03-2020