Jan 01, 2013, 11.53 AM | Source: Moneycontrol.com
Motilal Oswal is bullish on IndusInd Bank and has recommended buy rating on the stock with a target of Rs 500 in its December 28, 2012 research report.
Motilal Oswal (more)
“We upgrade IIB's FY14 EPS by 8% to factor in higher margins. Our comfort with IIB is based on: (1) Strong capitalization (15%+ Tier I post 10% equity dilution), (2) Healthy business growth (25%+), (3) Margin expansion, and (4) Healthy asset quality outlook. Maintain Buy with a revised target price of INR500 (3x FY14BVE), 20% upside,” says Motilal Oswal research report.
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