Hold IndusInd Bank; target of Rs 1292: Arihant Capital

Arihant Capital recommended hold rating on IndusInd Bank with a target price of Rs 1292 in its research report dated October 14, 2016.
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Oct 17, 2016, 05.30 PM | Source: Moneycontrol.com

Hold IndusInd Bank; target of Rs 1292: Arihant Capital

Arihant Capital recommended hold rating on IndusInd Bank with a target price of Rs 1292 in its research report dated October 14, 2016.

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Hold IndusInd Bank; target of Rs 1292: Arihant Capital

Arihant Capital recommended hold rating on IndusInd Bank with a target price of Rs 1292 in its research report dated October 14, 2016.

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Arihant Capital's research report on IndusInd Bank

Indusind Bank Ltd. (IIB) posted healthy growth both on the top-line and bottom-line front. Net profit grew by 26% YoY and stood at Rs 704 crs. Loan book grew at 26% YoY. The ratio of corporate to consumer loans after regrouping stood at 52:48.

Indusind Bank has continued to show sustained progress across all vectors. Microfinance and non-vehicle finance loan books should be the new revenue growth drivers for the bank in the coming quarters. We have HOLD rating with a price target of Rs 1,292 based on 3.4x FY 18E ABV.

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The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


To read the full report click here

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Hold IndusInd Bank; target of Rs 1292: Arihant Capital

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