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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.

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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.

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