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Buy IndusInd Bank, target price Rs 1300: Prabhudas Lilladher

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Prabhudas Lilladher has buy call on IndusInd Bank with a target price of Rs 1300. The current market price of is Rs 1189.95. Time period given by analyst is one year when . price can reach defined target.

IndusInd Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 93082.08 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-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 10113.29 Crore, up 3.57 % from last quarter Total Income of Rs 9764.91 Crore and up 8.02 % from last year same quarter Total Income of Rs 9362.76 Crore. The bank reported net profit after tax of Rs 1631.14 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 16.51 per cent stake in the company as of 30-Jun-2022, while FIIs owned 45.83 per cent, DIIs 21.02 per cent.

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