BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Credit Suisse maintains outperform on IndusInd Bank
IndusInd Bank is a key beneficiary of the commercial vehicles cycle recovery. Medium and heavy commercial vehicles saw positive growth in August. Clarity on CEO tenure removes the overhang. Overhang of likely management change behind. Expect IndusInd to maintain strong 25 per cent plus earnings momentum.