BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
HDFC Securities maintains buy on IndusInd Bank
HDFC Securities has maintained buy on IndusInd Bank for target price of Rs 1,663. It says IndusInd Bank (IIB), yet again, delivered a top quartile performance across parameters. CASA jumped 250bps QoQ (37.8%) led by strong SA growth (17%), balanced loan growth (24% YoY), superior NIM (4%), healthy fee traction (25% YoY) and PCR improvement (60%, 165bps QoQ).