Historic Price Surge and Market Performance
On 18 Feb 2026, Indian Bank's stock price surged to Rs.928, marking a new 52-week and all-time high. This achievement comes after a consistent upward trend, with the stock gaining 6.02% over the past three consecutive trading sessions. The stock’s performance today was in line with its sector, registering a modest day change of 0.24%, outperforming the Sensex which declined by 0.04% on the same day.
The stock has demonstrated notable volatility, with an intraday volatility of 94.74% calculated from the weighted average price, and traded within a narrow range of Rs.7.7. Indian Bank is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling strong technical momentum.
Outperformance Against Benchmarks
Indian Bank’s market performance has been impressive across multiple time frames when compared to the broader Sensex index. Over the last one year, the stock has delivered a remarkable 78.55% return, vastly outpacing the Sensex’s 9.81% gain. Year-to-date, Indian Bank has risen 10.14%, while the Sensex has declined by 2.11%. The bank’s three-year and five-year returns stand at 219.81% and 516.23% respectively, dwarfing the Sensex’s corresponding returns of 36.75% and 62.54%. Over a decade, Indian Bank has generated an extraordinary 963.40% return, compared to the Sensex’s 252.74%.
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Strong Fundamentals Underpinning Growth
Indian Bank’s ascent to its all-time high is supported by solid fundamental metrics. The bank maintains a low Gross Non-Performing Assets (NPA) ratio of 2.23%, reflecting prudent lending practices and asset quality management. Its net profit has exhibited a compound annual growth rate (CAGR) of 61.95%, underscoring robust profitability over the long term.
In the most recent quarter, Indian Bank reported its highest ever interest earned at Rs.17,097.67 crore and a record quarterly profit after tax (PAT) of Rs.3,061.48 crore. This marks the 15th consecutive quarter of positive results, highlighting consistent operational strength and financial discipline.
Institutional investors hold a significant 23.46% stake in the company, indicating confidence from entities with extensive analytical resources. Indian Bank is also ranked among the top 1% of all companies rated by MarketsMojo across a universe of over 4,000 stocks, with a current Mojo Score of 72.0 and an upgraded Mojo Grade from Hold to Buy as of 6 Feb 2026.
Valuation and Risk Considerations
Despite its strong performance, Indian Bank’s valuation metrics suggest a premium positioning. The stock trades at a Price to Book Value of 1.6, which is higher than the average historical valuations of its peers. The return on assets (ROA) stands at 1.3%, reflecting efficient utilisation of assets but also indicating a relatively expensive valuation.
Over the past year, while the stock price has appreciated by 78.55%, net profits have increased by 17.6%, resulting in a price-to-earnings-to-growth (PEG) ratio of 0.6. This suggests that the stock’s price growth has outpaced earnings growth, a factor investors may consider when analysing valuation sustainability.
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Sector and Industry Context
Indian Bank operates within the public sector banking industry, a sector that has witnessed steady growth supported by government initiatives and increasing credit demand. The bank’s ability to outperform its sector peers and the broader market indices over multiple time horizons highlights its competitive positioning and operational resilience.
Its consistent quarterly profitability and strong asset quality metrics place it favourably among public sector banks, which often face challenges in maintaining growth and managing credit risk.
Summary of Key Metrics
To summarise, Indian Bank’s stock has reached Rs.928, its highest level ever, buoyed by:
- Consistent gains over the last three days with a 6.02% return
- Outperformance relative to Sensex and sector indices across 1-day, 1-week, 1-month, 3-month, 1-year, 3-year, 5-year, and 10-year periods
- Strong fundamentals including a low Gross NPA ratio of 2.23% and a 61.95% CAGR in net profits
- Record quarterly interest earned and PAT figures
- High institutional ownership at 23.46%
- Upgraded Mojo Grade to Buy with a Mojo Score of 72.0
These factors collectively underpin the stock’s historic price milestone and reflect Indian Bank’s sustained financial strength and market leadership within its sector.
Conclusion
Indian Bank’s achievement of an all-time high stock price of Rs.928 is a testament to its enduring growth, solid financial health, and strong market performance. While valuation metrics indicate a premium, the bank’s consistent profitability and asset quality provide a foundation for its current market standing. This milestone marks a significant chapter in Indian Bank’s journey as a leading public sector bank in India.
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