Indbank Merchant

{
  "main_header": {
    "sid": 580002,
    "name": "Indbank Merchant",
    "stock_name": "Indbank Merchant",
    "full_name": "Indbank Merchant Banking Services Ltd",
    "name_url": "stocks-analysis/indbank-merchant",
    "exchange": 1,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "37.00",
    "chg": 0.85,
    "chgp": "2.35%",
    "dir": 1,
    "prev_price": "36.15",
    "mcapval": "164.20 Cr",
    "mcap": "Micro Cap",
    "scripcode": 511473,
    "symbol": "INDBANK",
    "ind_name": "Capital Markets",
    "ind_code": 5,
    "indexname": "",
    "isin": "INE841B01017",
    "curr_date": "Feb 10",
    "curr_time": "",
    "bse_nse_vol": "83.95 k",
    "exc_status": "Active",
    "traded_date": "Feb 10, 2026",
    "traded_date_str": "2026 02 10",
    "score": "",
    "scoreText": "",
    "Live": 0,
    "market_time": 1,
    "is_blur": 1,
    "is_blur_class": "blur-register-score-header",
    "is_blur_url": "https://www.marketsmojo.com/mojofeed/register?redirect=/stocks-analysis/indbank-merchant-580002-1&utm_source=Spage_Header_Score",
    "mojoone": {
      "ismore": 0
    }
  },
  "news": {
    "results": [
      {
        "title": "Indbank Merchant Banking Services Downgraded to Strong Sell Amid Weak Fundamentals and Bearish Technicals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/indbank-merchant-banking-services-downgraded-to-strong-sell-amid-weak-fundamentals-and-bearish-technicals-3827983",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/2/IndbankMerchant_mojoScore_3827983.png",
        "date": "2026-02-09 08:03:36",
        "description": "Indbank Merchant Banking Services Ltd has been downgraded from a Sell to a Strong Sell rating as of 6 February 2026, reflecting deteriorating technical indicators and underwhelming financial performance. The capital markets company’s Mojo Score has fallen to 26.0, signalling heightened caution for investors amid a challenging market environment and subdued fundamentals."
      },
      {
        "title": "Indbank Merchant Banking Services Ltd Upgraded to Sell on Technical Improvement",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/indbank-merchant-banking-services-ltd-upgraded-to-sell-on-technical-improvement-3810701",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/1/IndbankMerchant_mojoScore_3810701.png",
        "date": "2026-01-30 08:02:47",
        "description": "Indbank Merchant Banking Services Ltd has seen its investment rating upgraded from Strong Sell to Sell, driven primarily by a shift in technical indicators despite continued flat financial performance and subdued long-term fundamentals. This nuanced change reflects a cautious optimism amid persistent challenges in valuation and growth metrics."
      },
      {
        "title": "Indbank Merchant Banking Services Downgraded to Strong Sell Amid Technical and Fundamental Weaknesses",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/indbank-merchant-banking-services-downgraded-to-strong-sell-amid-technical-and-fundamental-weaknesses-3804418",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/1/IndbankMerchant_mojoScore_3804418.png",
        "date": "2026-01-26 08:04:51",
        "description": "Indbank Merchant Banking Services Ltd has been downgraded from a Sell to a Strong Sell rating as of 23 January 2026, reflecting deteriorating technical indicators and persistent fundamental challenges. The capital markets company’s Mojo Score has declined to 26.0, signalling heightened caution for investors amid flat financial performance and weakening market momentum."
      },
      {
        "title": "Indbank Merchant Banking Services Ltd Upgraded to Sell on Technical Improvements",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/indbank-merchant-banking-services-ltd-upgraded-to-sell-on-technical-improvements-3793712",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/1/IndbankMerchant_mojoScore_3793712.png",
        "date": "2026-01-19 08:01:56",
        "description": "Indbank Merchant Banking Services Ltd has seen its investment rating upgraded from Strong Sell to Sell as of 17 January 2026, driven primarily by a shift in technical indicators despite ongoing fundamental challenges. The company’s Mojo Score improved to 41.0, reflecting a mild bullish turn in technical trends, although its financial performance and valuation metrics continue to weigh on investor sentiment."
      },
      {
        "title": "Are Indbank Merchant Banking Services Ltd latest results good or bad?",
        "link": "https://www.marketsmojo.com/news/result-analysis/are-indbank-merchant-banking-services-ltd-latest-results-good-or-bad-3792267",
        "imagepath": "",
        "date": "2026-01-14 19:12:00",
        "description": "Indbank Merchant Banking Services Ltd's latest financial results for the quarter ended December 2025 present a mixed operational landscape. The company reported a net profit of ₹1.92 crores, reflecting a year-on-year growth of 64.10%. This growth in net profit is notable, especially in the context of the challenging capital markets environment the company is navigating.\n\nHowever, the revenue for the quarter was ₹6.25 crores, which indicates a slight sequential decline of 0.48% from the previous quarter. Despite this, the revenue still showed a year-on-year growth of 11.01% compared to ₹5.63 crores in the same quarter last year. The operating margin has compressed significantly to 42.56%, down from 55.47% in the previous year, highlighting competitive pressures and rising employee costs in the merchant banking sector.\n\nThe company's return on equity (ROE) stood at 6.60%, which is below its five-year average ..."
      },
      {
        "title": "Indbank Merchant Banking Q3 FY26: Steady Profitability Masks Margin Compression Concerns",
        "link": "https://www.marketsmojo.com/news/result-analysis/indbank-merchant-banking-q3-fy26-steady-profitability-masks-margin-compression-concerns-3792218",
        "imagepath": "https://i.marketsmojo.com/newsimg/2026/1/IndbankMerchant_quaterlyResult_3792218.png",
        "date": "2026-01-14 16:16:23",
        "description": "Indbank Merchant Banking Services Ltd., the public sector merchant banking subsidiary engaged in capital market services, reported net profit of ₹1.92 crores for Q3 FY26 ended December 2025, representing a marginal sequential improvement of 3.23% from ₹1.86 crores in Q2 FY26 and a robust year-on-year growth of 64.10% from ₹1.17 crores in Q3 FY25. However, the micro-cap company with a market capitalisation of ₹171.08 crores saw its stock surge 9.45% to ₹38.55 following the results, even as underlying operational metrics revealed persistent margin pressures and stagnant revenue growth."
      },
      {
        "title": "Indbank Merchant Banking Services Ltd Gains 3.54%: Key Technical Shifts and Volatility Define Week",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/indbank-merchant-banking-services-ltd-gains-354-key-technical-shifts-and-volatility-define-week-3788478",
        "imagepath": "",
        "date": "2026-01-10 17:00:07",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n                <div class=\"highlight-box\">\n                    <h3>Key Events This Week</h3>\n                    <p><strong>5 Jan:</strong> Stock opens at Rs.34.84 amid subdued market</p>\n                    <p><strong>6 Jan:</strong> Surges to upper circuit with 19.98% gain</p>\n                    <p><strong>7 Jan:</strong> Technical upgrade to Sell rating announced</p>\n                    <p><strong>9 Jan:</strong> Week closes at Rs.36.27, outperforming Sensex</p>\n                </div>\n\n                <div class=\"stats-row\">\n                    <div class=\"stat-item\"><div class=\"stat-label\">Week Open</div><div class=\"stat-value\">Rs.34.84</div></div>\n                    <div class=\"stat-item\"><div class=\"stat-label\">Week Close</div><div class=\"stat-value\">Rs.36.27</div><div class=\"stat-change positi..."
      },
      {
        "title": "Why is Indbank Merchant Banking Services Ltd falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-indbank-merchant-banking-services-ltd-fallingrising-3787532",
        "imagepath": "",
        "date": "2026-01-10 01:04:34",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Recent Price Movement and Market Context</strong></p>\n<p>Indbank Merchant Banking Services Ltd has been under pressure in the immediate term, with the stock declining for three consecutive days, resulting in a cumulative loss of 13.76% over this period. On 09-Jan, the share price touched an intraday low of ₹35.55, representing a 4.07% drop from the previous close. This short-term weakness contrasts with the stock's performance over the past week and month, where it recorded gains of 2.91% and 2.04% respectively, while the Sensex declined by 2.55% and 1.29% over the same periods. Year-to-date, the stock has also outpaced the benchmark, rising 2.71% compared to the Sensex's 1.93% fall.</p>\n<p>Despite these recent gains, the stock remains down 17.03% over the last year, underperforming the Sens..."
      },
      {
        "title": "When is the next results date for Indbank Merchant Banking Services Ltd?",
        "link": "https://www.marketsmojo.com/news/result-analysis/when-is-the-next-results-date-for-indbank-merchant-banking-services-ltd-3785887",
        "imagepath": "",
        "date": "2026-01-08 23:16:11",
        "description": "The next results date for Indbank Merchant Banking Services Ltd is scheduled for 14 January 2026...."
      }
    ],
    "total": 157,
    "sid": "580002",
    "stock_news_url": "https://www.marketsmojo.com/news/indbank-merchant-banking-services-580002"
  },
  "announcements": [
    {
      "details": "Indbank Merchant Banking Services Limited has informed the Exchange regarding 'Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 ( the SEBI Regulations ) for the month of November, 2019.'.",
      "source": "NSE",
      "caption": "Indbank Merchant Banking Services Limited - Updates",
      "datetime": "05-Dec-2019"
    },
    {
      "details": "Indbank Merchant Banking Services Limited has informed the Exchange regarding Board meeting held on November 07, 2019,á",
      "source": "NSE",
      "caption": "Indbank Merchant Banking Services Limited - Outcome of Board Meeting",
      "datetime": "08-Nov-2019"
    },
    {
      "details": "Indbank Merchant Banking Services Limited has informed the Exchange regarding 'Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 ( the SEBI Regulations ) for the month of October, 2019.'.",
      "source": "NSE",
      "caption": "Indbank Merchant Banking Services Limited - Updates",
      "datetime": "04-Nov-2019"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Indbank Merchant Banking Services Ltd has declared <strong>8%</strong> dividend, ex-date: 07 Aug 09",
          "dt": "2009-08-07",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Indbank Merchant Banking Services Downgraded to Strong Sell Amid Weak Fundamentals and Bearish Technicals

2026-02-09 08:03:36

Indbank Merchant Banking Services Ltd has been downgraded from a Sell to a Strong Sell rating as of 6 February 2026, reflecting deteriorating technical indicators and underwhelming financial performance. The capital markets company’s Mojo Score has fallen to 26.0, signalling heightened caution for investors amid a challenging market environment and subdued fundamentals.

Read full news article

Indbank Merchant Banking Services Ltd Upgraded to Sell on Technical Improvement

2026-01-30 08:02:47

Indbank Merchant Banking Services Ltd has seen its investment rating upgraded from Strong Sell to Sell, driven primarily by a shift in technical indicators despite continued flat financial performance and subdued long-term fundamentals. This nuanced change reflects a cautious optimism amid persistent challenges in valuation and growth metrics.

Read full news article

Indbank Merchant Banking Services Downgraded to Strong Sell Amid Technical and Fundamental Weaknesses

2026-01-26 08:04:51

Indbank Merchant Banking Services Ltd has been downgraded from a Sell to a Strong Sell rating as of 23 January 2026, reflecting deteriorating technical indicators and persistent fundamental challenges. The capital markets company’s Mojo Score has declined to 26.0, signalling heightened caution for investors amid flat financial performance and weakening market momentum.

Read full news article

Indbank Merchant Banking Services Ltd Upgraded to Sell on Technical Improvements

2026-01-19 08:01:56

Indbank Merchant Banking Services Ltd has seen its investment rating upgraded from Strong Sell to Sell as of 17 January 2026, driven primarily by a shift in technical indicators despite ongoing fundamental challenges. The company’s Mojo Score improved to 41.0, reflecting a mild bullish turn in technical trends, although its financial performance and valuation metrics continue to weigh on investor sentiment.

Read full news article

Are Indbank Merchant Banking Services Ltd latest results good or bad?

2026-01-14 19:12:00

Indbank Merchant Banking Services Ltd's latest financial results for the quarter ended December 2025 present a mixed operational landscape. The company reported a net profit of ₹1.92 crores, reflecting a year-on-year growth of 64.10%. This growth in net profit is notable, especially in the context of the challenging capital markets environment the company is navigating. However, the revenue for the quarter was ₹6.25 crores, which indicates a slight sequential decline of 0.48% from the previous quarter. Despite this, the revenue still showed a year-on-year growth of 11.01% compared to ₹5.63 crores in the same quarter last year. The operating margin has compressed significantly to 42.56%, down from 55.47% in the previous year, highlighting competitive pressures and rising employee costs in the merchant banking sector. The company's return on equity (ROE) stood at 6.60%, which is below its five-year average ...

Read full news article

Indbank Merchant Banking Q3 FY26: Steady Profitability Masks Margin Compression Concerns

2026-01-14 16:16:23

Indbank Merchant Banking Services Ltd., the public sector merchant banking subsidiary engaged in capital market services, reported net profit of ₹1.92 crores for Q3 FY26 ended December 2025, representing a marginal sequential improvement of 3.23% from ₹1.86 crores in Q2 FY26 and a robust year-on-year growth of 64.10% from ₹1.17 crores in Q3 FY25. However, the micro-cap company with a market capitalisation of ₹171.08 crores saw its stock surge 9.45% to ₹38.55 following the results, even as underlying operational metrics revealed persistent margin pressures and stagnant revenue growth.

Read full news article

Indbank Merchant Banking Services Ltd Gains 3.54%: Key Technical Shifts and Volatility Define Week

2026-01-10 17:00:07

Key Events This Week

5 Jan: Stock opens at Rs.34.84 amid subdued market

6 Jan: Surges to upper circuit with 19.98% gain

7 Jan: Technical upgrade to Sell rating announced

9 Jan: Week closes at Rs.36.27, outperforming Sensex

Week Open

Rs.34.84

Week Close

Rs.36.27

Read full news article

Why is Indbank Merchant Banking Services Ltd falling/rising?

2026-01-10 01:04:34

Recent Price Movement and Market Context

Indbank Merchant Banking Services Ltd has been under pressure in the immediate term, with the stock declining for three consecutive days, resulting in a cumulative loss of 13.76% over this period. On 09-Jan, the share price touched an intraday low of ₹35.55, representing a 4.07% drop from the previous close. This short-term weakness contrasts with the stock's performance over the past week and month, where it recorded gains of 2.91% and 2.04% respectively, while the Sensex declined by 2.55% and 1.29% over the same periods. Year-to-date, the stock has also outpaced the benchmark, rising 2.71% compared to the Sensex's 1.93% fall.

Despite these recent gains, the stock remains down 17.03% over the last year, underperforming the Sens...

Read full news article

When is the next results date for Indbank Merchant Banking Services Ltd?

2026-01-08 23:16:11

The next results date for Indbank Merchant Banking Services Ltd is scheduled for 14 January 2026....

Read full news article

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