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    HomeNewsBusinessBuy IndusInd Bank, target Rs 2250: Yogesh Mehta

    Buy IndusInd Bank, target Rs 2250: Yogesh Mehta

    "The bank is targeting 25-30 percent loan growth, led by continued branch expansion and strong customer acquisition. We have a buy on the stock with target of Rs 2250," says Yogesh Mehta, Vice President - Equity Advisory at Motilal Oswal

    Moneycontrol News
    April 23, 2018 / 10:13 IST

    Yogesh Mehta

    IndusInd Bank's key focus is to scale up its retail operations, led by a higher share of non-vehicle retail loans by FY20. The bank is targeting 25-30 percent loan growth, led by continued branch expansion and strong customer acquisition.

    A merger with Bharat Financial Inclusion will strengthen the bank's liability profile and further boost return ratios.

    We have a buy rating on IndusInd Bank with target of Rs 2250 per share.

    Disclaimer: The author is Vice President - Equity Advisory at Motilal Oswal. The views and investment tips expressed by investment experts 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.

    Moneycontrol News
    first published: Apr 23, 2018 10:13 am

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