IndusInd Bank can test Rs 240-250: Gujral

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IndusInd Bank can test Rs 240-250: Gujral

IndusInd Bank can test Rs 240-250, says Technical Analyst, Ashwani Gujral.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ashwani Gujral See what other Experts & Brokerages are saying about IndusInd Bank See messages about IndusInd Bank IndusInd Bank BSE | NSE 30/05/12 Are Mutual Funds betting on IndusInd Bank?

IndusInd Bank can test Rs 240-250, says Technical Analyst, Ashwani Gujral .

Gujral told CNBC-TV18, "IndusInd Bank probably looks best of the lot. It has now good support around Rs 150 and Rs 180 is a next short-term level. Although I wouldn't be surprised - if banking starts a rally, this stock could even get to Rs 240-245."

IndusInd Bank has touched a 52 week high of Rs 168.40. It touched an intra day high of Rs 168.40 and an intra day low of Rs 165. At 09:56 hrs the share was quoting at Rs 165.20, up Rs 0.35, or 0.21%.

Its Market Cap stands at Rs 6,774.69 crore. Currently it is 530.53% above the 52-week low of Rs 26.20. The company's trailing 12-month (TTM) EPS was at Rs 7.39 per share.