Sell IndusInd Bank, target price Rs 765: Kotak Securities

Kotak Securities has sell call on with a target price of Rs 765. The current market price of IndusInd Bank is Rs 794.55. Time period given by analyst is Intra Day when IndusInd Bank Ltd. price can reach defined target.
., incorporated in the year 1994, is a banking company (having a market cap of Rs 61535.37 Crore).

IndusInd Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 9764.91 Crore, up 1.57 % from last quarter Total Income of Rs 9614.34 Crore and up 6.14 % from last year same quarter Total Income of Rs 9199.71 Crore. The bank reported net profit after tax of Rs 1400.64 Crore in latest quarter.

RECOMMENDEDSTORIES FOR YOU


Promoter/FII Holdings
Promoters held 16.52 per cent stake in the company as of 31-Mar-2022, while FIIs owned 46.33 per cent, DIIs 21.84 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Education News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechiLive.in is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.