Indian Bank reports around eight-fold jump in Q3 net profit
Indian Bank has reported results for third quarter ended December 31, 2016.
The Bank has posted around eight -fold jump in its net profit at Rs 373.48 crore for the quarter as compared to Rs 48.48 crore for the quarter ended December 31, 2015. Total income of the Bank increased by 2.53% at Rs 4557.25 crore for Q3FY17 as compared Rs 4444.58 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 7.69%, as compared to 5.61% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 4.76% in Q3FY17.
Technical Levels of Indian Bank
Support at 245 and resistance at 280
Break and sustain above 280 will take it to 295—300 and then to 310+ mark else could touch its support level of 245.00
Looks weak if closes below 245
More will update soon!!
