Cashing In Profits: How Indusind Bank Yielded 7591% Returns
If you had invested ₹1 lakh in Indusind Bank in September 2002, you could have had ₹80 lakhs today! This multibagger gave its investors ₹75,91,000 in profits and ₹4,26,598 in dividends. Here’s a quick peek at the company.
🏦 Stock: IndusInd Bank Ltd.
🏦 NSE: $INDUSINDBK
⭐ About The Company
Incorporated in 1994 and headquartered in Mumbai, IndusInd Bank provides a range of financial services and related products to the general public and corporate clients. It was one of the first banks to establish new-generation private banking in India.
🧺 Product Portfolio
Services provided by IndusInd Bank include:
🧑🤝🧑 Personal and business loans
📱 Net/mobile banking
💳 Debit and credit cards
🏧 Other banking services.
Catering to over 2.5 crore customers, it has around 2000 branches and more than 5000 distribution points across 36 states, in and out of India.
💫 Key Developments
💶 Having an omnipresent banking footprint, it has a presence in international offices in prominent locations like the United Arab Emirates and the United Kingdom.
💶 On top of receiving a number of environmental accolades since 2011, it has also received social merit awards like the Mahatma Award in 2020 for its CSR undertaking and humanitarian efforts to combat the Covid-19 pandemic.
💶 Has collaborated with other banks to have more than 18000 ATMs.
💰 Stock Value
On September 30, 2002, the shares of the company were trading at ₹14.85, while they were priced at ₹1142.25 as of September 29, 2022.