Key Events This Week
23 Feb: New 52-week high of Rs.980.5 and all-time high of Rs.961.65
24 Feb: New 52-week and all-time high at Rs.986.1 despite broader market weakness
25 Feb: New 52-week high of Rs.990 amid positive market backdrop
26 Feb: New 52-week high of Rs.998.4 and all-time high of Rs.995.8
27 Feb: New 52-week high of Rs.998.85 and all-time high close near Rs.995.8
23 February 2026: Breakout to New Highs Amid Strong Momentum
Indian Bank began the week with a robust rally, hitting a new 52-week high of Rs.980.5 and an all-time high intraday price of Rs.961.65. The stock closed at Rs.982.65, up 3.68%, outperforming the Sensex’s 0.39% gain. This surge was supported by a sharp 24.2% increase in derivatives open interest, signalling strong bullish conviction among traders. The stock traded comfortably above all key moving averages, reflecting sustained technical strength. Institutional investors’ confidence was evident with a 23.46% stake, while the bank’s fundamentals, including a low gross NPA ratio of 2.23% and a CAGR of 61.95% in net profits, underpinned the rally.
24 February 2026: Consolidation at New Highs Despite Market Weakness
On 24 February, Indian Bank touched a fresh 52-week and all-time high of Rs.986.1, marking a 106% gain from its 52-week low. Despite a minor dip of 0.29% to close at Rs.986.50, the stock outperformed the Sensex, which declined 0.78%. The bank’s strong fundamentals and consistent earnings growth continued to support the price, with record quarterly interest earned of Rs.17,097.67 crore and PAT of Rs.3,061.48 crore. The stock’s premium valuation, with a price-to-book ratio of 1.7 and a PEG ratio of 0.6, reflected investor willingness to pay for quality growth amid a cautious market environment.
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25 February 2026: New 52-Week High Amid Positive Market Sentiment
Indian Bank reached a new 52-week high of Rs.990 on 25 February, reflecting continued strength in the public sector banking space. The stock closed marginally lower at Rs.983.60 (-0.29%) but remained well supported above key moving averages. The broader market was positive, with the Sensex gaining 0.41%. Indian Bank’s 89.08% gain over the past year significantly outpaced the Sensex’s 11.11% rise, highlighting its sector leadership. The bank’s consistent profitability, low gross NPA ratio, and strong institutional backing continued to underpin investor confidence.
26 February 2026: Near Rs.1,000 Mark with New All-Time Highs
On 26 February, Indian Bank surged to a new 52-week high of Rs.998.4 and an all-time high close of Rs.995.8, marking an impressive 108% gain from its 52-week low. Despite a slight intraday dip of 0.07%, the stock outperformed the Sensex, which rose 0.19%. The bank’s fundamentals remained robust, with record quarterly earnings and a low NPA ratio of 2.23%. The Mojo Grade upgrade to ‘Buy’ and a Mojo Score of 72.0 further reinforced positive market sentiment. The stock’s premium valuation metrics, including a price-to-book of 1.7 and PEG ratio of 0.6, reflected strong earnings growth expectations.
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27 February 2026: Sustained Momentum with New 52-Week High
Indian Bank closed the week at Rs.989.95, just shy of its 52-week high of Rs.998.85 reached intraday on 27 February. The stock gained 0.68% on the day, outperforming the Sensex’s 1.16% decline. The bank’s price remains above all major moving averages, signalling strong technical momentum. Over the past year, Indian Bank delivered a remarkable 91.43% return, vastly outpacing the Sensex’s 9.44%. The bank’s fundamentals, including a low gross NPA ratio of 2.23%, record quarterly profits, and a CAGR of 61.95% in net profits, continue to support its premium valuation and market leadership.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.982.65 | +3.68% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.986.50 | +0.39% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.983.60 | -0.29% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.991.30 | +0.78% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.989.95 | -0.14% | 36,322.56 | -1.16% |
Key Takeaways
Strong Relative Performance: Indian Bank outperformed the Sensex by over 5 percentage points during the week, reflecting robust investor demand and sector leadership.
Multiple New Highs: The stock hit several 52-week and all-time highs, peaking intraday at Rs.998.85, signalling sustained bullish momentum.
Fundamental Strength: Consistent earnings growth with a CAGR of 61.95%, record quarterly profits, and a low gross NPA ratio of 2.23% underpin the rally.
Institutional Confidence: Significant institutional holdings of 23.46% and a Mojo Grade upgrade to ‘Buy’ with a score of 72.0 highlight strong market endorsement.
Valuation Premium: The stock trades at a price-to-book of 1.7 and a PEG ratio of 0.6, indicating a premium valuation justified by earnings growth but warranting monitoring.
Conclusion
Indian Bank’s performance in the week ending 27 February 2026 was marked by strong price appreciation, multiple record highs, and robust fundamental backing. The stock’s outperformance relative to the Sensex and its sector peers reflects its leadership position in the public sector banking industry. Supported by consistent profitability, low asset quality risks, and significant institutional interest, Indian Bank has demonstrated resilience and growth momentum. While valuation metrics suggest a premium, they are balanced by solid earnings growth and operational strength. Investors and market participants will likely continue to monitor the stock’s technical trends and fundamental developments as it approaches the Rs.1,000 mark.
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