The stock with a market capitalisation of more than Rs 26,000 crore hit a record high of Rs 1,146 on August 16, 2022, on the BSE. The stock has rallied more than 20 per cent in a month which helped it to climb above 50 and 200-DMA on daily charts.
Indian Bank raises deposit rates by 15 basis points
Indian Bank managing director Binod Kumar had said earlier that the bank does not have surplus liquidity as it shed Rs 10,000 crore of bulk