BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Jefferies downgrades IndusInd Bank to hold
Jefferies has downgrades IndusInd Bank to hold from buy earlier. Current valuation of 3.2 times forward book value, fully prices potential upside. Net interest margin is at life high, see downside from here. Earnings growth is likely to continue at 24 per cent CAGR for FY16-19.