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22 April, 2021 07:41 IST
IndusInd Bank dips 30% on worries over huge telecom exposures
Source: IRIS | 18 Mar, 2020, 05.54PM
Rating: NAN / 5 stars.
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Shares of IndusInd Bank cracked as much as 30 per cent in Wednesday's trade following Supreme Court order to telcos, saying the self-assessment of AGR dues is violation of court order.

The bank clarification on rumours and speculation about the lender's financial health did little to relive investor fears.

IndusInd bank in a press release made to stock exchanges on Tuesday said it is financially strong, well-capitalized, profitable, and a growing entity with strong governance.



Shares of Indusind Bank  are trading at Rs 459.85, down Rs 203.45, or 30.67%  at the Bombay Stock Exchange (BSE) on Wednesday at 3:54 p.m.

The scrip has touched an intra-day high of Rs 637.70 and low of Rs 382.55. The total volume of shares traded at the BSE is 3,209,725.

In the earlier session, the shares fell 17.5%, or Rs 140.7, at Rs 663.30.

Currently, the stock is trading at all time 52-week low, which is below  74.94% over the  52-week high of Rs 1,835.00.

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