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Market talk of Deutsche Bank picking up a stake in the mid-sized private sector IndusInd Bank has increased the trading interest and volumes in the bank’s stock. Despite the sharp corrections in the stock markets for the past few days, the counter has gained 6.31 per cent over the week to close at Rs 51.35 on the BSE on Friday.

The stock gained 3.15 per cent on Friday while the total traded quantity of shares stood at 5.90 lakh shares on the BSE against its two-week average volume of 2.91 lakh shares. On the NSE, 17,26,856 shares changed hands, of which 34 per cent is deliverable quantity.

However, top official in the IndusInd Bank declined to comment on the market rumours.

Namrata Gada
K.S. Badri Narayanan

More Stories on : Stock Markets | Stocks | Ear to the ground | Private Banks

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