Indian Bank, a leading public sector bank,
plunged on Monday after reporting a lower-than-expected Q3 numbers.
Thebank announced a fall of 37.14% in net profit to Rs 3.31 billion
for the quarter ended Dec. 31, 2012 as compared to Rs 5.2 billion
in the same period last year.
During the quarter, the bank has made provision of Rs 4.12 billion, which was 74% higher than the same period last year.
Total income of the bank increased by 8.03% to Rs 35.47 billion
for the quarter ended Dec. 31, 2012 as compared to Rs 32.24 billion
in the same period last year. 
Shares ofthe companyare trading at Rs
195, down Rs 7.8, or 3.85% at the Bombay Stock Exchange (BSE) on
Monday at 12 p.m.The scrip has touched an intra-day high of Rs 198
and low of Rs 189.45. The total volume of shares traded at the BSE
is 59,633.In the earlier session, the shares gained 0.77%, or Rs
1.55, at Rs 202.80. Currently, the stock is trading down 26.42%
from its 52-week high of Rs 265 and above 28.29% over the 52-week
low of Rs 152.
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