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Buy IndusInd Bank, price target Rs 1,580: Sagar Doshi

The analyst suggested a stoploss at Rs 1480.

ETMarkets.com|
Updated: Nov 27, 2019, 09.31 AM IST
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IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 105130.78 Crore).
Sagar Doshi of Edelweiss Financial Services has a buy call on IndusInd Bank Ltd. with a target price of Rs 1580.0 . The current price of IndusInd Bank Ltd. is Rs 1523.0 . Sagar Doshi recommended to keep a stoploss at Rs 1480 .

IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 105130.78 Crore).

IndusInd Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 18256.68 Crore to Sales Value (82.01 % of Total Sales), Income From Investment which contributed Rs 3677.34 Crore to Sales Value (16.51 % of Total Sales), Interest which contributed Rs 225.10 Crore to Sales Value (1.01 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 102.03 Crore to Sales Value (0.45 % of Total Sales)for the year ending 31-Mar-2019.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 4370.20 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs 2202.57 Crore (.00% of total assets).

For the quarter ended 30-09-2019, the company has reported a Consolidated Interest Income of Rs 5948.67 Crore, up 3.39 % from last quarter Interest Income of Rs 5753.84 Crore and up 33.61 % from last year same quarter Interest Income of Rs 4452.10 Crore. The bank has reported net profit after tax of Rs 1400.95 Crore in latest quarter.

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