Sell IndusInd Bank, target price Rs 765: Kotak Securities
., 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.
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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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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