IndusInd Bank share price: Buy IndusInd Bank, target price Rs 1,270: ICICI Direct

ICICI Direct has a purchase name on IndusInd Financial institution with a goal worth of Rs 1,270. The present market worth of IndusInd Financial institution is Rs 1,104.7. ICICI Direct recommends to maintain a stoploss at Rs 990.

IndusInd Financial institution Ltd, integrated within the 12 months 1994, is a banking firm with a market cap of Rs 83,690.39 crore.

IndusInd Financial institution’s key merchandise/income segments embrace curiosity & low cost on advances & payments, earnings from funding, curiosity and curiosity on balances with RBI and different inter-bank funds for the 12 months ending 31-Mar-2020.

Funding rationale

ICICI Direct thinks the inventory is in a robust up development forming greater peak and trough on the month-to-month chart and has generated a bullish Flag breakout. This indicators a resumption of the first up development and gives a recent entry alternative.


For the quarter ended 31-12-2020, the corporate has reported a consolidated complete earnings of Rs 8,887.28 crore, up 1.78 % from final quarter’s complete earnings of Rs 8,731.52 crore and down 2.06 % from final 12 months identical quarter’s complete earnings of Rs 9,074.55 crore. The financial institution has reported web revenue after tax of Rs 830.41 crore in newest quarter.

Promoter/FII Holdings

Promoters held 13.four per cent stake within the firm as of Dec 30, 2020, whereas FIIs held 58.7 per cent, DIIs 14.Eight per cent and public and others 13 per cent.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button