Indian Bank - Possible Upward Move in Coming Days
The recent announcement by Indian Bank on hike in Benchmark Prime Lending Rates (BPLR) by 75 bps, from the existing 13.25 per cent per annum to 14 per cent per annum, will be helpful for the banks’ core business in lieu of the interest rate hike. The bank has emabrked on a rapid explansion and already opened new branches in the Bangalore circle. With its growth plan, it has attracted investors’ attention in the last few trading sessions. The counter is expected move upwards in the coming days. Taking into account the positives associated with this counter, you may add the scrip to your portfolio for quick gains.
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