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As of 30-Sep-2023, promoters held 0.0 per cent stake in the company, while FIIs held 24.08 per cent and domestic institutional investors had 2.36 per cent.

The stock quoted a 52-week high price of Rs 4203.0 and low of Rs 3292.65.

IndusInd Bank is expected to report healthy growth in net interest income (NII) for Q3, with a 16% year-on-year increase. The bank saw a 20% year-on-year growth in net advances and a 13% increase in deposits. The net profit for the quarter is expected to grow by 11% year-on-year. Asset quality is anticipated to remain stable, while loan growth and deposit growth are expected to be healthy.

"Indian Renewable Energy Development Agency and Indian Overseas Bank have joined hands by signing a memorandum of understanding (MoU). The agreement sets the stage for co-lending and loan syndication for a diverse spectrum of renewable energy projects across the nation," the company said in an exchange filing.

The Relative Strength Index of the stock stood at 45.24 on Wednesday.

The MSCI India Index trades at a 157% premium over the China gauge on valuations based on forward earnings estimates, just 3 percentage points short of the record reached in October 2022, according to data compiled by Bloomberg.

Technical Stock Pick: Coforge Ltd, part of the IT industry, has rallied more than 30% in the last 3 months, breaking out from a Saucer pattern on weekly charts. Experts suggest that the stock may head towards 7000 levels in the short to medium term. The stock hit a fresh record high of Rs 6788 on January 15, 2024.

Promoters held 0.0 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 7.93 per cent and 3.2 per cent, respectively.

The dollar index (DXY) was trading slightly higher at 103.43 against a basket of six top currencies, up by 0.07 points or 0.07%. It has appreciated 1.05% over the past five trading sessions.