Meanwhile, the BSE Sensex was down 208.23 points, or 1.47%, 13,962.22.

On BSE, 27.32 lakh shares were traded in the counter. The stock had an average daily volume of 10.69 lakh shares in the past one quarter.

The stock hit a high of Rs 84.35 and a low of Rs 72.75 so far during the day. The stock hit a 52-week high of Rs 94.60 on 29 June 2009 and a 52-week low of Rs 26.20 on 6 March 2009.

The mid-cap bank stock had outperformed the market over the past one month till 7 July 2009, rising 6.66% as compared to the Sensex's 3.38% fall. It had also outperformed the market in the past one quarter, surging 112.30% as compared to the Sensex's return of 31.91%.

The bank's current equity is Rs 355 crore. Face value per share is Rs 10.

The current price of Rs 83.70 discounts the bank's Q4 March 2009 annualized EPS of Rs 5.69, by a PE multiple of 14.71.

IndusInd Bank's total income rose 37.44% to Rs 801.568 crore in Q1 June 2009 over Q1 June 2008. The bank announced the results during trading hours today, 8 July 2009.

The bank's gross non-performing assets (NPA) declined 44.10% to Rs 241.09 crore in the Q1 June 2009 over in Q1 June 2008. The ratio of gross NPAs declined to 1.46% as on 30 June June 2009 from 3.22% as on 30 June 2008. The net NPAs as of 30 June 2009 was at 1.01%, much lower than 2.41% as on 30 June 2008, the bank said.

In the Union Budget 2009-2010 announced on Monday, 6 July 2009, the government did not announce any sops for the banking sector. Banks were anticipating to get tax relief on interest earned on infrastructure lending in the Union Budget 2009-2010.

IndusInd Bank provides banking services. It operates under four segments: treasury, corporate / wholesale banking, retail banking and other banking. It involves in accepting deposits, providing loans, financing and other related services in treasury to consumers and industries.